Vestas makes the largest single investment in its history  

Denmark's Vestas Wind Systems is investing a record USD 240m in a wind turbine tower factory in Pueblo, Colorado. The plant, which will be the largest of its kind in the world, is scheduled to open in 2009
Denmark's Vestas Wind Systems, the world's leading wind turbine manufacturer, has revealed the location of the wind turbine tower factory which the company announced in November 2007 would be sited in Colorado. A rumour from the Denver Post reported on this website on 18 August proved correct – the plant will be sited in Pueblo, one of the largest steel-producing cities in the US.
According to a press release on Colorado Governor Bill Ritter's website, the USD 240m tower manufacturing plant represents the largest single investment in Vestas history. Scheduled to open in 2009 and billed as the largest wind turbine tower manufacturing facility in the world, the plant will produce up to 900 towers annually for Vestas wind turbines and employ up to 550 workers, not including contracting and consulting jobs.
The news follows closely on the announcement that Vestas is to open two production facilities in Brighton, Colorado - a USD 180m blade factory employing 650 people and a USD 110m nacelle* assembly plant employing 700 people. Vestas already has a blade factory in upstate Windsor employing 650 workers and turning out a projected 1,800 blades annually.
The four production facilities collectively amount to a USD 700m investment, and will create 2,500 new jobs in the Centennial State.
Vestas is headquartered in Randers, Jutland, and employs 15,305 people worldwide. The company has installed more than 35,000 wind turbines in 63 countries on five continents, and has a 23% share of the world market. In 2007, Vestas generated revenues of EUR 4.9bn and profit after tax totalled EUR 291m. The company has production facilities in Denmark, Germany, China, India, Italy, UK, Spain, Sweden, Norway, Australia and USA, and has planned or operational research facilities in Denmark, Singapore, India (Chennai), USA (Houston) and UK (Isle of Wight).
* the nacelle is the turbine housing behind the rotor at the top of the tower. It contains the generator, gearbox and transformer – Ed.
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