Vestas swoops for GE Vernova wind factory
Plant in Poland will continue serving Danish OEM's onshore fleet
Vestas will take over an LM Wind Power blade factory in Poland in a move claimed as a strategic fit by both wind players.
The factory in Goleniow near Szczecin in northern Poland will join Vestas’ manufacturing operations after an agreement to pay an undisclosed sum to LM Wind Power, which is owned by its rival global wind OEM GE Vernova.
The plant already makes onshore wind blades for use on Vestas turbines under LM Wind Power, which supplies third parties as well as its parent group.
Denmark-based Vestas said Goleniow will continue to supply its onshore fleet, including the giant V172-7.2 MW turbines that are its largest on land.
Both companies said the deal, which is subject to regulatory approval, suits their strategies. LM Wind Power CEO Hanif Mashal said: “This proposed transaction is a strategic move for LM Wind Power and GE Vernova [that] would enable us to simplify our business and reinvest capital into our core European Union manufacturing facilities producing GE Vernova wind products to better serve our loyal customer base in EU.”
Poland has emerged as an increasingly key growth market for wind power both on- and offshore, not least thanks to the nation’s dash to reduce dependency on Russian energy.