Vestas introduces new strategy for profitable growth in Brazil

Aarhus, Denmark - Vestas will refocus efforts on the Brazilian market by implementing a new roadmap for profitable growth in the country. Vestas will invest up to R$ 100m (EUR 32m) in meeting local content requirements, prioritising initiatives that enable us to compete more effectively in the local wind industry.

With the purpose of respecting local content requirements set by the Brazilian Development Bank (BNDES) under the FINAME II code, Vestas will localise 70 per cent of hub and nacelle manufacturing for 2MW turbines at our facility near Fortaleza in the north-eastern state of Cear

Source: IWR Online, 05 Jun 2014