Vestas Will Make Its Biggest-Ever Wind Turbine Blade in Poland [BNN Bloomberg (Canada)]
RWE AG ORD S/ADR (RWEOY)
NASDAQ:AMEX Investor Relations:
rwe.com/web/cms/en/105818/rwe/investor-relations
Company Research
Source: BNN Bloomberg
Europe's largest wind turbine maker plans to make the 116-meter (377-foot) blades — taller than than Statue of Liberty — in Szczecin, a city in northwest Poland on a waterway that feeds into the Baltic Sea. The location will give the company easy access to supply wind farms off the coast of Poland as well as the Baltic region and other European seas. “The supply chain we're building now is a strong foothold for offshore in Europe,” said Tommy Rahbek Nielsen, Vestas's chief operating officer. “If the market grows, we'll follow the growth and add capacity as needed.” Read more: Europe's Battered Wind Sector Starts to Find Hope In Year of Crisis The plans are a welcome sign for an industry that's struggled to cope with surging inflation and costly supply chain issues. Even as some offshore wind developers strain to build projects profitably, the move from Vestas shows there's a healthy source of future demand for new machines that are crucial to global plans to slash fossil-fuel d
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