€400m in new orders in Q4 for wind turbine maker Nordex

German wind turbine manufacturer Nordex revealed this week that it recorded new orders of around €400m in the fourth quarter of 2011.

This compares with €306m in new business for the fourth quarter of 2010.

For the year, new business was up 32pc to €1.1bn, from €836m in 2010. The company said it had originally been projecting 20pc growth to €1bn.

In November 2011, following its favourable performance in the previous quarters, the Hamburg-headquartered company, which has a subsidiary in Swords, Co Dublin, raised its guidance for new business to the figure now reached.

Nordex said it had benefited particularly from its strong position in the European markets, which accounted for around 77pc of its order intake. A further 21pc of new business came from the United States, where the group recorded a sharp increase in order receipts to €191m in Q4.

“On the strength of this good performance, we assume that the volume of firmly financed order backlog has risen from €411m in the previous year to around €700m at the beginning of 2012,” said Thomas Richterich, CEO of Nordex.

Last week, Nordex announced that it had won a contract to supply, build and commission a 42.5 MW, 17-turbine wind project in Co Tipperary for Bord Gáis.

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