Nordex faces further challenges after bleak year

The balance at Nordex is hovering around zero, and the future looks set to offer more challenges for the German turbine manufacturer. The firm's formerly strong domestic market is one of the major problems.

by MATHIAS ØRSBORG JOHANSEN

Just as expected, the bottom line was far from impressive last year for German wind turbine manufacturer Nordex. The company has released its annual report for 2017 today, and it shows that the firm only barely delivered a profit.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

Access all locked articles
Receive our daily newsletters
Access our app

Get full access for you and your coworkers

Start a free company trial today

Price pressure hits Nordex in 2017
For subscribers
Nordex wins Greek order
For subscribers
Turkey planning "world's largest offshore wind farm"
For subscribers

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Exowave's 1MW WEC Block is scheduled to enter the North Sea market. | Foto: Exowave/pr

Cleantech

Exowave bets on North Sea wave energy

Danish Exowave will be chasing a role in large-scale energy plans for the North Sea in the coming years and hopes to interact with upcoming wind farms.

For subscribers

European Energy focuses primarily on wind, solar and PtX in Poland. | Foto: European Energy

Renewables

European Energy reaches Polish milestone

For subscribers

To identify where the biggest savings can be made, Wärtsilä can create so-called digital twins of an existing vessel. | Foto: Sune Høegh, Mediaspektrum

Cleantech

Wärtsilä sees more carriers improving efficiency instead of switching fuel

For subscribers

Ocean Winds, alongside an old partner, will bid for 1 GW in an upcoming French offshore wind tender. | Foto: Ocean Winds

Renewables

Ocean Winds strengthens French collaboration

For subscribers

Oil & Gas

Semco Maritime lands Halfdan contract

For subscribers

From left to right: Eurowind CEO Jens Rasmussen together with people from the company's Special Task Unit, which will be responsible for the new facility. | Foto: Eurowind Pr

Cleantech

Eurowind takes over Danish hydrogen plant

For subscribers

World's first energy island sees political approval
Despite Denmark’s best efforts to be first in class with an operational energy island, it’s Belgium who is set to win.
Concerns over oil supplies overshadow high interest rates
Higher interest rates make it more expensive for consumers and businesses to borrow money, which can slow growth and dampen oil demand.
Iberdrola cancels another offshore wind farm project
The best way forward is to ditch the contract and try again, says the Spanish company’s US subsidiary.
For subscribers
Crown Estate updates floating wind tenders
Offshore Wind Leasing Round 5 aims to establish new floating OSW technology off the coast of Wales and South West England.
TotalEnergies and Corio make bid for 1.3GW tender in New Jersey
The two companies’ joint venture, Attentive Energy, is hoping for a win in the state’s third offshore wind tender.
For subscribers
Equinor named as potential buyer for Wintershall Dea
TotalEnergies is also mentioned as a potential candidate, according to media Reuters.
For subscribers

Iberdrola cancels another offshore wind farm project

The best way forward is to ditch the contract and try again, says the Spanish company’s US subsidiary.

For subscribers

Policy & Trading

World's first energy island sees political approval

Despite Denmark’s best efforts to be first in class with an operational energy island, it’s Belgium who is set to win.

Oil & Gas

Equinor named as potential buyer for Wintershall Dea

TotalEnergies is also mentioned as a potential candidate, according to media Reuters.

For subscribers

Utilities

Danish energy major takes dive due to continued interest rate hikes

The Danish energy company fell almost 7% yesterday as a result of pressure from continued rising interest rates.

For subscribers

Cleantech

Exowave bets on North Sea wave energy

Danish Exowave will be chasing a role in large-scale energy plans for the North Sea in the coming years and hopes to interact with upcoming wind farms.

For subscribers

Cleantech