Nordex SE (ISIN: DE000A0D6554) has secured an order from Austrian energy group VERBUND for the supply and installation of twelve N163/6.X wind turbines at the 84 MW Spille wind farm in Albania, marking the Hamburg-based turbine manufacturer's first entry into the Albanian market. The project is also described in the announcement as Albania's first wind energy development, underscoring its strategic significance for both companies. The contract includes a 15-year Premium Service agreement, adding a long-term revenue component for Nordex beyond the initial equipment supply. Commissioning is planned for spring 2028, with the site located approximately 50 kilometres south of the port city of Durrës.

Key Points

  • Nordex SE (0MEC), listed on the MDAX and TecDAX in Frankfurt, is a global onshore wind turbine manufacturer with over 67 GW commissioned across more than 40 markets since 1985.
  • Nordex has received an 84 MW order from VERBUND for twelve N163/6.X turbines at the Spille wind farm in Albania — the country's first wind energy project.
  • The contract includes a 15-year Premium Service agreement; turbines will be installed on tubular steel towers with hub heights of 113 metres; commissioning is targeted for spring 2028.
  • Investors may be watching whether further orders follow under the multi-year framework agreement signed with VERBUND in January 2026, covering up to 700 MW across six European markets.

Spille Project Marks Nordex's Albanian Market Entry and Albania's First Wind Farm

The Spille wind farm represents a dual milestone: Nordex's first footprint in Albania and the country's inaugural wind energy installation. Albania's electricity system has traditionally been dominated by hydropower, and the announcement states that the country is actively seeking to diversify its renewable generation mix through wind and solar. VERBUND secured the right to develop the project following an international tender, with Nordex selected to supply its N163/6.X turbines — part of the company's onshore portfolio focused on the 4 to 7 MW-plus class, designed for markets with limited available space and constrained grid capacity.

N163/6.X Turbines on 113-Metre Towers to Be Commissioned by Spring 2028

Nordex will supply twelve N163/6.X wind turbines mounted on tubular steel towers with hub heights of 113 metres for the Spille site, situated around 50 kilometres south of Durrës. The announcement confirms that commissioning is planned for spring 2028. Beyond the hardware supply, the contract encompasses a 15-year Premium Service agreement, a revenue model that Nordex employs globally to support long-term turbine performance. The company's global service network, which currently supports operations across more than 40 markets, is a core commercial pillar alongside equipment sales, with consolidated group sales of around EUR 7.6 billion reported for 2025.

700 MW VERBUND Framework Agreement Signed in January 2026 Underpins Spille Deal

The Spille contract builds directly on a broader strategic relationship between Nordex and VERBUND Green Power. In January 2026, the two companies signed a multi-year framework agreement covering the potential supply of up to 700 MW of wind turbines across projects in six European markets, with Albania explicitly identified among the target countries. The announcement indicates that this framework underpins the Albanian order, suggesting Spille could be the first of several projects to emerge from that arrangement. Investors may be watching for further order announcements tied to the remaining capacity under the VERBUND framework as project pipelines in other identified markets progress.

VERBUND's Renewable Credentials and Albania's Energy Transition Drive Project Rationale

VERBUND, Austria's leading energy company and one of Europe's largest hydroelectricity producers, generates approximately 95% of its electricity from renewable sources and trades across 12 countries. The announcement notes the company reported EBITDA of around EUR 2,737 million and a group result of approximately EUR 1,489 million in 2025, with around 4,400 employees. Its participation in Albania's first wind farm reflects a strategic push into emerging European renewable markets. For Nordex, entering Albania diversifies its geographic footprint further, though as with any first-of-kind project in a nascent wind market, regulatory and infrastructure risks specific to Albania's developing energy sector remain a factor to monitor.