The Nordex Group has finalized a new ESG-linked syndicated Multi-Currency Guarantee Facility totaling EUR 2,475 million, with a five-year maturity and improved conditions, including a material reduction in interest rates on a like-for-like basis. This refinancing enhances the company’s financial flexibility and provides a larger, more cost-efficient framework from 2026 to 2031.
The facility was arranged with support from 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). A total of 15 financial institutions provided commitments, with Freshfields and Clifford Chance serving as legal advisors.
Dr. Ilya Hartmann, Chief Financial Officer of the Nordex Group, stated, “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 a crucial financing instrument in the wind energy industry, used to provide guarantees for customer projects and other contractual obligations across many markets where the Group operates. This new facility positions Nordex to better serve its customers and execute its order backlog efficiently.
The Nordex Group has commissioned over 64 GW of wind power capacity in more than 40 markets since 1985 and generated consolidated sales of approximately EUR 7.6 billion in 2025. The company employs over 11,100 people and operates manufacturing facilities in Germany, Spain, Brazil, India, and the USA. Its product portfolio focuses on onshore turbines in the 4 to 7 MW+ classes, designed for markets with limited space or constrained grid capacity. A global service network ensures smooth turbine operation.
This refinancing underscores the company’s commitment to sustainability, as the facility is ESG-linked, tying financial terms to environmental, social, and governance performance. The improved terms reflect strong banking partner confidence in Nordex’s business model and long-term growth trajectory.
