Danish wind turbine manufacturer Vestas Wind Systems forecasts strong growth in wind turbines in China and India and is significantly expanding its production capacity in China. The Chinese government has set an ambitious wind turbine capacity target of 1 million MW in 15 years. Meanwhile, the strong growth in India is likely to make it the world's second largest market in two years.
Thorbjørn Rasmussen, managing director of Vestas Asia Pacific forecasts that 10% of the growing Vestas staff of 11,000 people will be employed in his region in 18 months. "We have strong growth in Asia Pacific, and Asia is in general the region with the highest growth in the energy sector," says Rasmussen.
In June, Vestas inaugurated a blade factory in Tianjin in China with annual production capacity of 600 blades, and a further expansion is currently being built which will increase production to around 1,200 blades. Vestas is also establishing factories in China for generator production, and for assembly of nacelles and hubs. Both are scheduled for completion in 2007. The news was reported by financial daily newspaper Børsen.
Vestas Wind Systems employs 11,000 people and has production facilities in Denmark, Germany, China, India, Italy, UK, Spain, Sweden, Norway and Australia. In 2005, Vestas Wind Systems generated revenues of DKK 26.7 bn (USD 4.3 bn), and sold wind turbines with a total power of 3,185 MW worldwide.
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