The completion of the production base will not only increase Vestas’ production capacity in China, and further accelerate its localized production, but also introduce state of the art wind power equipment manufacturing technology to China in a bid to continuously supply high-tech, high-quality wind turbines to China and the international market.
As part of the company’s long-term investment, Vestas’ investment in the construction of new factories and expansion of factory buildings exceeds RMB1.8 billion (about USD220 million). Vestas’ total investment in TEDA has exceeded RMB2.5 billion (about USD380 million), accounting for over 70% of Vestas’ total investment in China. By the end of 2009, Vestas’ total investment in China will have exceeded RMB3 billion.
At present, Vestas’ integrated wind power production base in Tianjin has become one of Vestas’ major wind power equipment production centers worldwide. The completion of the base will also help TEDA to become an important technology and manufacturing base of wind power and clean energy in China and across the world.
Lars Andre Andersen, President of Vestas China, extended his hearty thanks to all the guests present during the unveiling. He said that with the completion of the integrated wind power production base, the new production capacity will increase Vestas’ local content, create opportunities for employment and employee training, enhance partnership with suppliers of components and parts, and enable Vestas to keep abreast with the rapid growth of China’s wind energy industry. Andersen sincerely expressed his appreciation for the service that had been provided to Vestas by the government of TEDA, which has created a good development environment for the growth of the enterprise. He also promised to take the opportunity of the opening-up of the Binhai New Area for continuous development so as to contribute to the economic development of TEDA.
As Vestas’ world largest integrated wind power production base, the integrated factory with area of over 230,000 square meters will provide Vestas’ clients with technically matured wind energy solutions.
Mr. Ni Xiangyu, Vice Director of the Administrative Commission of TEDA, noted that since Vestas landed in TEDA in 2005, it has been actively involved in the exchange and cooperation with TEDA in areas of new energy development, technical innovation and project promotion. He said that over the past four years, Vestas has been increasing its input in capital, technology and human resources, and has become an important part of TEDA’s industrial chain of new materials, new energy, energy conservation and environmental protection. Today, when the completion of the integrated wind power production base marks a new phase of the cooperation between the two parties, he hopes that Vestas will continue to introduce new research results, and he also expressed his strong belief that Vestas will become the "new energy and new power" for the growth of TEDA.