Photographer: Nelson Ching/Bloomberg

Vestas Winds Plans to Build New Blade Factory in India

Vestas Wind Systems A/S, the biggest wind turbine maker, said it plans to build a new blade factory in India as it seeks to expand its presence in the Asian nation.

The plan was included in the Danish manufacturer’s third-quarter earnings report on Thursday. Chief Executive Officer Anders Runevad said on a conference call with analysts that the plan is to build it next year at a cost of about 50 million euros ($54 million)

“Once completed, the factory will support Vestas’ operations in the Indian market as well as potentially servicing activities in other markets,” Vestas said.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE