in News Departments > Products & Technologies
print the content item

Moventas has announced the company is investing approximately 115 million euros in a new wind turbine gear factory located in central Finland. The new factory will double Moventas' wind turbine gear production capacity, the company says.

"Due to the establishment of a new factory, we will be able to develop our production capacity and technology in a rapidly growing market," says Ilkka Hakala, Moventas' president and chief executive officer.

According to the company, construction will commence this fall, with completion scheduled for late 2008. Because the factory will be constructed on completely new premises, the production facilities can be optimized for megawatt-scale wind turbines, Moventas adds.


Advertisement

Trachte_id2056
Latest Top Stories

Slow Turning: What's Stopping Individual Blade Pitch Control From Wider Acceptance?

Advances have made it feasible for wind turbine blades to adjust individually. However, other factors are preventing the technology's widespread use.


Deepwater Hits Financial Close For Block Island Wind Farm, Expects Summer Construction

The Providence, R.I.-based offshore wind developer becomes the first to financially close on a U.S.-based offshore wind project.


More Investors Entering Tax Equity Market; Returns Holding Steady

The entry of new tax equity investors to the wind space last year re-ignited an old debate.


Report: Top 10 Turbine OEMs Had Record Year In 2014

Preliminary findings suggest Vestas reigned supreme again among the world's leading wind turbine makers. How did some of the other OEMs fare?


AWEA's Gramlich To FERC: Additional Transmission Needed Regardless Of Clean Power Plan

To further build a more balanced and reliable electricity portfolio, the U.S. needs to build more transmission capacity.

Hybrid Energy Innovations 2015