Siemens to Invest in Wind Power on Offshore Demand
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Siemens AG plans to invest 150 million euros ($214 million) in wind research-and-development and production over the next two years as demand for offshore turbines picks up.
Germany’s largest engineering company will set up new research facilities in the Danish cities of Brande and Aalborg and boost the capacity of assembly plants in Denmark to meet demand for offshore turbines across Europe, Siemens said today in a website statement.