A wave of hydropower project wins has propelled ANDRITZ to a record-breaking first quarter, underlining the sector’s growing role in global energy transition strategies.
International technology group ANDRITZ has reported a record order intake of €3.6 billion for the first quarter of 2026, a 54% increase compared to the same period last year, driven predominantly by strong performance in its hydropower division.
The company said the surge reflects the cumulative booking of several mid-sized contracts, particularly in hydropower, rather than a single mega-project. While the figure marks an exceptional high, ANDRITZ cautioned that this level of intake should not be extrapolated across the remainder of the year.
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Recent contract awards highlight ANDRITZ’s strong positioning across both conventional hydroelectric rehabilitation and next-generation storage schemes.
In North America, the company has secured a contract from the New York Power Authority to supply new generator stators for the Robert Moses plant at the Niagara hydropower complex, one of the largest upgrade programmes currently underway in the US.
Across Europe, ANDRITZ has been selected to deliver ten new turbines for the modernisation of Serbia’s Vlasinske hydropower cascade. The project will upgrade four plants dating back to the 1950s and increase installed capacity while maintaining continuous generation during refurbishment works.
In South America, the company has also been awarded a major automation and modernisation contract for the Itumbiara hydropower plant in Brazil, reinforcing the growing focus on digitalisation and performance optimisation in existing dam infrastructure.
Alongside conventional hydropower upgrades, ANDRITZ continues to build momentum in pumped storage.
The company recently secured a contract from Tata Power for the 1000MW Bhivpuri pumped storage project in India, a flagship scheme aimed at supporting large-scale renewable integration.
In Asia, Doosan Enerbility has selected ANDRITZ to supply pump turbine units for the Yeongdong pumped storage project in South Korea, further expanding its footprint in high-capacity storage developments.
The breadth of these awards reflects a broader trend across the global water power and dam construction industry: renewed investment in upgrading ageing hydropower assets alongside the rapid deployment of pumped storage capacity.
Despite the exceptionally strong first quarter, ANDRITZ confirmed its full-year 2026 guidance for revenue and comparable EBITA remains unchanged, noting that the Q1 order intake reflects timing effects rather than a sustained quarterly run rate.
Detailed financial results for the first quarter are scheduled for publication on April 29, 2026.
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