Two of Europe’s turbine manufacturers reported balance-sheet news within days of each other, both pointing the same way after several difficult years.
Vestas posted a strong second quarter, with profit rising sharply and a share buyback of EUR 400 million announced. The stock responded: Vestas was the top performer in the RENIXX renewable energy index that week, gaining 16.3 per cent to EUR 27.52.
Enercon, meanwhile, described its turnaround as complete and secured new billion-euro financing to underwrite its growth plans. The company is not listed, so the signal is the willingness of lenders rather than a share price.
Manufacturer health is a Baltic supply-chain question, not just a shareholder one. Turbine makers absorbing losses on fixed-price contracts have limited appetite to bid aggressively into new markets or to commit factory slots years ahead. Vestas supplies EnBW’s He Dreiht and much of the Nordic fleet; Enercon is a mainstay of German and Polish onshore. Both returning to financial stability widens the field of credible bidders for projects now entering procurement across the region.
The RENIXX itself stood at 1,250.9 points on 21 August, up 10.66 per cent for 2026 to date.
Source: IWR Energieletter 33 and 34/2026.
