Vestas Investing in China Subsidiary

Denmark’s Vestas Wind Systesm (VWS.CO), one of the world’s top producers of wind turbines, plans to invest $350 million in its China-based subsidiary in order to meet growing demand for wind power in the country, according to reports. 

Since the new year, Vesta China has received several orders for wind turbines, including one from China Guangdong Nuclear Wind Power for a total of 116 wind turbines. Industry Week reported that order was the eigth made by the company, for a total of 500 megawatts (MW) worth of wind turbines.

Vestas also reported sales of 100 MW of turbines for two other projects in China. The developers of those projects were not disclosed.

“As of June 30 2008, Vestas had delivered more than 1,000 turbines to China and we continue to have high expectations for the growing Chinese market,” Lars Andersen, who heads up Vestas’s China division, said in the statement.

Vestas China is located in Tianjin’s Binhai District, a hub for wind power companies.

China’s wind power manufacturing capacity is about 8 gigawatts (GW) and is expected to reach 12 GW by 2010.

Website: [sorry this link is no longer available]     
(Visited 5,356 times, 4 visits today)

Post Your Comment

Your email address will not be published. Required fields are marked *