The Nordex Group has concluded a new ESG-linked syndicated Multi-Currency Guarantee Facility with a total volume of EUR 2,475 million, according to a press release. The facility comes with a five-year maturity and improved terms and conditions, including a material reduction in interest rates on a like-for-like basis. This new financing framework provides the company with larger, more flexible, and more cost-efficient support for the period from 2026 to 2031.
The facility was arranged with the support of three leading international banks: Commerzbank Aktiengesellschaft (acting as Bookrunner and Facility Agent), Intesa Sanpaolo - IMI CIB Division (acting as Global Coordinator, Bookrunner and Sustainability Coordinator), and UniCredit Bank GmbH (acting as Bookrunner, Documentation Agent and Process Coordinating Agent). The overall facility is based on commitments from a total of 15 financial institutions. Freshfields and Clifford Chance served as legal advisors.
Dr. Ilya Hartmann, Chief Financial Officer of the Nordex Group, commented: “We’ve been on a journey as an institution for the last 5 years. After a complete reset of the balance sheet to a solid level, a full business turnaround to industrial levels with achievement of our mid-term goals; the refinancing marks the completion of the turnaround of the company on a holistic level. The successful refinancing of our ESG-linked syndicated Multi-Currency Guarantee Facility has secured us a strong and reliable framework for the coming years. This facility enhances our financial flexibility, enabling us to support customers in the relevant regions by helping our sales teams convert opportunities into orders and executing our order backlog with discipline.” He added, “The increased volume and improved conditions also reflect the confidence of our banking partners in Nordex’s business development and long-term prospects.”
Guarantee facilities are an important financing instrument in the wind energy industry. They are used, among other purposes, to provide guarantees related to customer projects and other contractual obligations of the business in many markets where the Group operates. The Nordex Group has commissioned more than 64 GW of wind power capacity in over 40 markets since 1985 and generated consolidated sales of around EUR 7.6 billion in 2025. The Company currently has more than 11,100 employees with a manufacturing network that includes factories in Germany, Spain, Brazil, India and the USA. Its product portfolio is focused on onshore turbines in the 4 to 7 MW+ classes, designed for markets with limited space and constrained grid capacity.
The successful refinancing underscores the company's improved financial health and positions it to execute its order backlog while supporting customer projects. This ESG-linked facility aligns with broader industry trends toward sustainable financing, potentially setting a precedent for other renewable energy companies. For the wind energy sector, such financial instruments are critical for backing project guarantees and contractual obligations, enabling companies to secure large-scale projects. The improved terms and increased volume signal strong lender confidence in Nordex’s strategic direction and operational turnaround, which may positively impact investor sentiment and the broader renewable energy market.
