Big Week for Vestas

[From my post at CleanTechnica on 5.9.2008] Denmark-based Vestas Wind Systems (VWS:DC) had a big week. First, the world's largest wind turbine manufacturer announced that they would be building a tower manufacturing plant in Colorado. Second, Vestas reported a 94 percent jump in earnings in the first quarter of 2008, as compared to the same period last year.

Although they have yet to disclose the location of the new tower manufacturing facility, it would be situated to complement the company's fist North American blade manufacturing plant, which recently opened its doors in Windsor, Colorado.

For the tower plant, the company will need a large parcel of land served by freight rail, a combination that Northern Colorado can provide at several locations, including the Windsor location, where construction proceeds on phase two of the blade plant. According to the Northern Colorado Business Review, more than 1,000 new jobs could result from further expansion of Vestas' manufacturing presence (read the rest of this story at CleanTechnica).

Sources:

• Northern Colorado Business Review
• Bloomberg

Other posts about the cleantech industry:

• "Can 'Low-Hanging Fruit' be Sexy: Two Energy Efficiency Stocks
• "Solar System Leases Taking Industry by Storm"
• "The Unlimited Potential of American Wind Energy: AWEA"

Photo: Vestas Wind Systems