Wind turbine manufacturer Nordex expects its operational portfolio in Europe to increase by 37% within two years, maintaining its lead. The Balkans, part of the company’s East Mediterranean region, are becoming increasingly important, top executives said at the Nordex Business Day in Belgrade. They also revealed plans to enter Albania, North Macedonia and Bulgaria. Last year was the best for the company at least since the late 1990s, and it expects even better results in 2026.
Nordex Business Day was held in Belgrade for customers, partners and subcontractors, with presentations and opportunities for networking. Opening the event, Managing Director for Serbia Vladimir Kolarević pointed out that the company accomplished a lot over the past two years. “But we wouldn’t have done it without our partners and our customers,” he asserted.
The group makes, installs and operates onshore wind power turbines. The first one started generating electricity four decades ago.
Nordex Group is supporting customers that invest in new countries
Nordex Group’s Balkans area comprises Croatia, Bosnia and Herzegovina, Montenegro and Serbia. It is part of the wider East Mediterranean region, which also includes Greece. As for other countries that Balkan Green Energy News covers, the company is active in Turkey and Romania.
“The Balkans have become an increasingly important region for us, and our presence there has grown steadily year on year. We recognized the potential of the region very early, starting with our first project in Croatia back in 2013, Nordex Group’s Chief Executive Officer José Luis Blanco said in his welcome video message.
Nordex is supporting its customers as they expand into markets where the company doesn’t yet have any projects
In his words, the ambition is to support the customers as they expand into markets where the company doesn’t yet have any projects.
“Customers value not only our technology, but also our understanding of the local market, our commitment to the region, and our ability to act as a trusted long-term partner,” Blanco stated.
Nordex’s management affirmed it would enter Albania, North Macedonia and Bulgaria. It means it would be present in almost the entire Southeastern Europe.
Energy demand making renewables less dependent on political will
Chief Commercial Officer Ibrahim Özarslan, responsible for all projects and sales, said the company’s strategy is to be the most customer-centric turbine supplier and original equipment manufacturer (OEM) in the world.
He explained in a presentation that Europe is Nordex Group’s backbone, with 40 GW commissioned in a global portfolio of 62 GW, or more than 20,000 wind turbine generators. The company needs to get volumes in the United States, alongside Canada, Özarslan added. “Australia, with New Zealand, is a continent where we need to be back again,” the CCO stressed.
Turning to the geopolitical situation, Özarslan said renewables depend much on politics, as things can suddenly change if a country’s government is changed, like in Germany and the US.
But there are aspects where it’s no longer about politics, he underscored, pointing to energy demand, the push toward energy independence and the need for speed and affordability. Renewables are becoming a fundamental factor in energy, though in some countries more than in others, Özarslan noted.
Nordex had a 48% market share in Europe last year, out of the 19 GW order intake, holding the top position for the fourth time in a row. Özarslan stressed that globally, 2025 was the best since he joined the company 28 years ago, and added that 2026 is projected to be even better.
In two years, the installed capacity in Europe will increase by 37% to 58.5 GW, the pipeline shows.
The CCO acknowledged that it can be difficult from time to time to compete against Chinese OEMs. “We are capable of doing that, especially due to the fact that we also learn a lot from them,” he said.
De Tourtier: Balkans to be among most exciting growth areas
Balkans are becoming one of the most exciting growth areas for Nordex Group and for renewable energy, according to the company’s Vice-President Mediterranean Anne-Catherine de Tourtier.
“New markets, new opportunities, new challenges. Exactly the kind of environment where we perform best,” she stated and revealed that the first three four of 11 turbines have already been installed in Tušnica in Bosnia and Herzegovina. The project is for 72.6 MW.
The Serbian market is now more competitive than ever, De Tourtier added.
“Please challenge us. Bring us your most complex projects, bring us your constraints, bring us your ambition, because we are ready and we have proven that we can deliver and we continuously improve,” she asserted and underscored that Nordex not just a supplier, but a close partner from the first idea to long-term operation.
Promising projects in Albania already in short term
There are promising projects in Albania already in the short term, said Nordex’s Sales Director for the Mediterranean Region Christopher Billot. The company is also following some of its customers to enter the market in Bulgaria, he added.
In the East Mediterranean, the company has a portfolio of 2.3 GW, of which 1.2 GW is installed and the rest is under construction. Twelve projects were delivered in Croatia, with 635 MW in operation. Nordex turbines on the grid in Greece total 452 MW, and 200 MW is online in Serbia.
