The move comes on the heels of
In a statement, Vestas said that it will focus on key areas of expertise and expand partnerships with supply chain partners. It said CS Wind is capable of increasing volume at the Pueblo plant by extending tower production to multiple wind turbine manufacturers.
As a part of its agreement, Vestas will secure an agreed upon volume of the tower factory’s output to support its North American market, the company said in a press release. CS Wind said it would continue Vestas’ investments and initiatives to reduce carbon dioxide emissions at the plant.
The U.S. Department of Commerce set early phase anti-dumping duties on Indian utility scale wind towers, saying those products were sold at unfair prices in the U.S., but spared Malaysian wind towers from the tariffs requested by domestic producers.
On February 5th of this year, he attended a ceremony in the southwestern coastal town of Sinan in which he signed contracts to have the world’s largest offshore wind farm built by 2030. The 48.5 trillion won ($43.2 billion) project will have an electricity generation capacity of 8.2 GW.
Among the other people to attend were representatives of several of the construction, utility, and engineering companies involved in the project, such as Hanwha Engineering & Construction Corp, Korea Electric Power Corp. (KEPCO), CS Wind Corp, SK E&S, Doosan Heavy Industries & Construction Co., and Samkang M&T Co. These and any other companies involved will provide around 98% of the financing, with the government providing the rest.
South Korea Signs Contracts For $43 2 Billion World s Largest Offshore Wind Farm intelligentliving.co - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from intelligentliving.co Daily Mail and Mail on Sunday newspapers.