Acciona Energía finalizes an order of 1,000 MW in wind turbines from Nordex before its IPO


Nordex and Acciona Energía finalize the signing of a contract for the supply of up to 180 wind turbines with a capacity of 1,026 megawatts, according to a note from the turbine manufacturer. The company, which is listed on the German Stock Exchange and is 33.6% owned by Acciona –this percentage will not go to the balance sheet of the subsidiary that intends to debut on the market at the end of the month or early June–, soars around 8%.

In a statement, Nordex explains that the pre-agreement includes the supply of the wind turbines for the MacIntyre wind farm, with an estimated capacity of 923 megawatts, and for the Karara, of about 102.6 megawatts, bringing the total capacity planned for be installed and operational in 2024 at about 1,026 megawatts. The companies plan to conclude negotiations and sign final agreements in the coming weeks. Orders will be final at the end of the year.

While Acciona Energía continues to work tirelessly on its debut on the Stock Market for the 28th of this month or on July 1, as published this Monday CincoDias. The placement banks are in full road show with potential buyers of the paper from the group’s green subsidiary. The preliminary appraisal, in the absence of the price range being known in the coming days, ranges between 10,000 and 12,000 million euros for the entire company.

Acciona hopes to obtain, therefore, at least 2,500 million for the 25% that it will put up for sale, and this amount may increase depending on whether the reference price rises or the percentage of which it is released approaches 30% , if the option to extend the operation is executed.

The company has set an aggressive investment plan of 7.8 billion in the next five years, which will allow it to practically double its installed capacity from the current 11 gigawatts to 20. But financing will be cheap and gross profit growth will be high. . The dividend will also be notable, set between 25% and 50% of the result.

The banks that coordinate the IPO are four big on Wall Street: Citi, JPMorgan, Morgan Stanley, Goldman Sachs. Bestinver, a subsidiary of the Acciona group itself, accompanies them in that first place. At a second level are Banco Santander, Bank of America, Berenberg, Credit Agricole, Credit Suisse, HSBC and Société Générale. And in a third Alantra, Banco Sabadell, ING together with Stifel Europe, Intesa SanPaolo, Mirabaud, Mizuho, ​​Norbolsa and RBC.


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