Vestas has completed the acquisition of LM Wind Power’s blade factory located in Goleniow, Poland. The factory, which was established in 2009 and expanded in 2017, produces blades for Vestas’ onshore wind turbines, including the V172-7.2MW model.
The terms of the sale, which were finalized today, were not disclosed.
Vestas Chief Technology and Operations Officer, Anders Nielsen, commented, “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.” He also expressed gratitude towards LM Wind Power, saying, “I want to thank LM Wind Power for their support and collaboration through the years, and we’re very pleased that our respective strategic priorities have made it possible for the factory to continue operating and be part of Vestas’ continued growth in Europe.”
LM Wind Power CEO, Hanif Mashal, also weighed in on the transaction, stating, “This proposed transaction is a strategic move for LM Wind Power and GE Vernova.” He explained that the sale will allow LM Wind Power to “simplify our business and reinvest capital into our core European Union manufacturing facilities producing GE Vernova wind products.” Mashal added, “We are grateful for the opportunity to collaborate with Vestas on the proposed transfer of this factory, previously dedicated to their projects, directly to their ownership to continue fulfilling their needs.”
Both companies assured that they would work closely to ensure a smooth transition.
