Visit windpowermonthlyevents.com for the latest on our upcoming conferences and webcasts

Finland

Finland

Winwind expands in Finland opening new factory

Finnish wind turbine manufacturer Winwind is investing EUR 20 million in a new factory at the port of Hamina near the Russian border, 150 kilometres from Helsinki. It is the company's first significant expansion since Masdar, a subsidiary of the Abu Dhabi government's Future Energy Company fund, bought a EUR 120 million stake in Winwind in September. The new plant will assemble up to 160, 3 MW turbines a year for the European market. A doubling of the factory's production capacity by 2011 is on the cards. Manufacture of the Winwind 1 MW and 3 MW turbines will continue at the existing factory in Oulu, in northern Finland, while the Hamina location gains the turbine producer access to shipping routes. Masdar's primary interest in Winwind is to expand the company's product range and help it pursue large contracts across Europe, Asia, the Middle East and North America. Masdar holds a 33% stake in Winwind while Avis Ventures, a subsidiary of India's Sterling Infotech Group, holds a 40% majority stake. Winwind is also building a factory in Chennai, India. The Hamina municipality's energy subsidiary, Haminan Energia, has contracted delivery of four 3 MW turbines for a wind farm in the Summa district.

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Windpower Monthly Events

Search more than 4,500 companies in the Windpower Directory

Latest Jobs

[DAYS_LEFT] DAYS Subscribe Now

Left of your Windpower Monthly free trial

Your free trial Subscribe Now

to Windpower Monthly has expired