Vestas to buy LM Wind Power's wind turbine blades factory in Poland
The Dutch wind turbine manufacturer Vestas has inked a deal with developer and manufacturer of rotor blades for onshore and offshore wind turbines LM Wind Power, subsidiary of GE Vernova, for the purchase of LM Wind Power's wind turbine blade factory in Goleniow near Szczecin in Poland, the company wrote in a statement on its website. The value of the transaction was not disclosed.
"Europe needs secure, affordable and sustainable energy more than ever, and we’re pleased to expand our European manufacturing footprint to support wind energy’s growing role in Europe’s energy system," said Vestas Chief Technology and Operations Officer Anders Nielsen, quoted in the press release.
LM Wind Power's CEO Hanif Mashal said that this proposed transaction is a strategic move for LM Wind Power and GE Vernova.
"This transaction would enable us to simplify our business and reinvest capital into our core European Union manufacturing facilities," Mashal said.
"We will work closely with Vestas to help ensure a smooth completion of the transaction,” he added.
The factory was established in 2009, expanded in 2017 and will continue to deliver blades for Vestas’ onshore wind solutions, including the V172-7.2 MW turbine. The transaction is subject to the required regulatory approval.
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