Vestas Sells Wind Turbine Tower Plant
The acquisition of the towers factory in Varde will establish Titan Wind Energy’s global manufacturing footprint in Europe, while also maintaining a vast majority of the approximately 120 jobs at the factory in Varde.
The agreement carries a number of advantages for all parties involved:
• Titan Wind Energy establishes European production of towers for both onshore and offshore wind turbines
• About 120 highly specialised ”greentech” jobs are maintained in Varde, Denmark.
• The facility in Varde is ideally positioned to support the further globalisation of Titan Wind Energy’s operations.
• The divestment of the towers facility in Varde will reduce Vestas’ fixed costs
Going forward, both Titan Wind Energy and Vestas say they see a huge potential in the continued cooperation.
”We have been cooperating with Vestas for several years, both in China and abroad, and we look forward to further utilising our long-standing partnership within the development and production of technology-leading towers for wind turbines,” says Mr. Yan Junxu, Founder and CEO of Titan Wind Energy (Suzhou) Co., Ltd.