FEOC
All Manufacturers

Nordex Group (Acciona backed)

Clean
🇩🇪 GermanyHamburg, GermanyWind TurbinesPublic (ETR: NDX1)

Last verified: 2026-04-01

Risk Summary
Country RiskLowHQ in Germany (allied nation)
Entity List ExposureLowNot on any lists
Ownership RiskLowPublic (ETR: NDX1)
Domestic AlternativeLow7 allied/US options available

Entity List Screening

ListAgencyStatusYear
BIS Entity ListBureau of Industry and SecurityNot Listed2026
OFAC SDN ListOffice of Foreign Assets ControlNot Listed2026
DOD Section 1260HDepartment of DefenseNot Listed2026
UFLPA Entity ListCustoms and Border ProtectionNot Listed2026
SEC DisclosuresSecurities and Exchange CommissionNot Listed2026
IRS FEOC GuidanceInternal Revenue ServiceNot Listed2026

Ownership Structure

Acciona S.A. (Spanish, ~47% stake)
🇩🇪 GermanyIndividual / Shareholder
Nordex Group (Acciona backed)
🇩🇪 GermanyManufacturer

Source: SEC filings, stock exchange disclosures, corporate registry data. Ownership percentages reflect most recent available disclosure.

Compliance Assessment

German-headquartered. Largest shareholder is Acciona (Spain). Germany and Spain are EU/allied nations. No FEOC concerns.

Key Factors

  • Headquartered in Germany, an allied nation
  • Ownership: Public (ETR: NDX1)
  • No current US domestic manufacturing operations
  • Not listed on any federal entity lists
  • German wind turbine OEM. Differentiated entry from the existing nordex slug covering additional Acciona ownership detail.

Products & Equipment

Onshore wind turbines (Delta4000 series)Wind turbine service

Had nacelle assembly in Iowa (closed). Currently no active US manufacturing.

Other Manufacturers in Wind Turbines

All manufacturers in this product category

Vestas Wind SystemsClean
🇩🇰 DenmarkUS Mfg
GE VernovaClean
🇺🇸 United StatesUS Mfg
Siemens Gamesa (Siemens Energy)Clean
🌍 Germany / SpainUS Mfg
Goldwind (Xinjiang Goldwind)Flagged
🇨🇳 China
Nordex SEClean
🇩🇪 Germany
Envision EnergyFlagged
🇨🇳 China
Ming Yang Smart EnergyFlagged
🇨🇳 China
Suzlon EnergyClean
🇮🇳 India

Data Sources

  • Nordex Annual Report
  • BIS Consolidated Screening List

This information is for reference only and does not constitute legal advice. Compliance determinations should be verified with qualified legal counsel. Entity list data is sourced from publicly available federal databases and may not reflect the most recent updates.