Nordex's Strategic Expansion in Spain's Wind Energy Sector: A Pathway to Long-Term Growth

The global energy transition is accelerating, and Spain has emerged as a critical battleground for renewable energy innovation. For companies like Nordex, a leading wind turbine manufacturer, the Iberian Peninsula represents both a strategic market and a testing ground for supply chain localization. With Spain's renewable energy capacity projected to surge to 218.1 GW by 2035, GlobalData projects solar capacity to grow from 21.5 GW in 2021 to 152.8 GW by 2035, while onshore wind capacity will nearly double to 56.3 GW. Nordex's recent investments and partnerships in the country are not just opportunistic-they are foundational to its long-term growth narrative.

Supply Chain Localization: A Strategic Anchor

Nordex's approach to supply chain localization in Spain is a masterclass in balancing efficiency, sustainability, and resilience. The company has established two key production facilities in Navarre: one for nacelle production in Barásoain and another for rotor blade manufacturing in Lumbier, Nordex's Spain site reports. These facilities are not just operational hubs but also symbols of Nordex's commitment to reducing logistical bottlenecks and aligning with Spain's renewable energy ambitions.

A recent 106 MW order for the "Mareas I & II" wind farm in Zaragossa, scheduled for delivery in 2025, underscores this strategy, Nordex Group receives an order for 106 MW from Spain reports. The project will deploy Nordex's Delta4000 series turbines, which are optimized for Spain's wind conditions. By manufacturing components locally, Nordex minimizes exposure to global supply chain disruptions-a critical advantage in an era of trade policy volatility and geopolitical uncertainty.

Moreover, Nordex's ethical sourcing framework reinforces its competitive edge. Suppliers in Spain must adhere to the Nordex Code of Conduct, which emphasizes environmental, social, and governance (ESG) criteria, Global Sourcing explains. This alignment with global sustainability standards not only mitigates reputational risks but also positions Nordex as a preferred partner for Spanish utilities and policymakers.

Renewable Energy Demand: A Tailwind for Growth

Spain's renewable energy trajectory is among the most ambitious in Europe. According to a report by GlobalData, the country's solar capacity is expected to grow from 21.5 GW in 2021 to 152.8 GW by 2035, while onshore wind capacity will nearly double to 56.3 GW, GlobalData projects. These projections are underpinned by policies such as the Renewable Energy Economic Regime (REER) and the Climate Change and Energy Transition Law, which incentivize private investment and streamline permitting processes, GlobalData notes.

Nordex's recent order intake of 2.3 GW in Q2 2025, Nordex Group announces strong order intake of 2.3 GW in the second quarter of 2025, reflects its ability to capitalize on this momentum. The Avellanosa project, a 50 MW wind farm in Castile and León, is a case in point. Secured in partnership with Abei Energy, this project includes a 20-year Premium Service contract, ensuring recurring revenue and long-term operational reliability, Nordex secures first Spanish order for N175/6.X turbines for a 50 MW wind farm reports. Such contracts are becoming increasingly valuable as utilities prioritize predictable energy yields in a decarbonizing world.

Financial Resilience and Strategic Innovation

Nordex's financial performance in 2025 further validates its growth potential. The company reported an 81.7% increase in order intake during Q2 2025, reaching 2,310 MW, alongside a 5.8% EBITDA margin, Nordex Group announces strong order intake of 2.3 GW in the second quarter of 2025. This profitability is critical for funding R&D and expanding local operations. Notably, Nordex's recent unveiling of the NX2500, the largest electrolyzer fully designed and manufactured in Spain, Fuel Cells Works reports, signals a pivot toward green hydrogen-a sector poised to become a cornerstone of Spain's energy transition.

The company's strategic alignment with Spain's cleantech clusters, such as the Basque Country's "super cluster" and the Andalusian Green Hydrogen Valley, WEF Spain Energy Hubs notes, also enhances its access to innovation ecosystems and public-private partnerships. These collaborations are essential for scaling technologies like hydrogen and carbon capture, which will define the next phase of the energy transition.

Challenges and Mitigation Strategies

Despite its strengths, Nordex must navigate challenges such as permitting delays and grid-related curtailments, GlobalData reports. However, its localized supply chain and long-term service agreements provide a buffer against these risks. For instance, the 20-year Premium Service contract for the Avellanosa project, Nordex secures first Spanish order for N175/6.X turbines for a 50 MW wind farm reports, ensures steady cash flows while reducing the impact of short-term operational hiccups.

Conclusion: A Compelling Investment Thesis

Nordex's strategic expansion in Spain is a microcosm of its broader vision: to lead the global energy transition through localized supply chains, ethical sourcing, and technological innovation. With Spain's renewable energy demand set to grow at a 9.1% CAGR through 2035, GlobalData projects, the company is well-positioned to capture market share and deliver shareholder value. For investors, Nordex's Spanish operations represent not just a regional play but a gateway to a future where clean energy and sustainable supply chains are inseparable.