Vestas expects "more than 10-20" investments

The turbine maker has had talks with more than 50 companies on potential investments via its new platform. The company is prepared to take on risks, says SVP.

Vestas mentions its collaboration with Mercedes in Formula E as a precursor to Vestas Ventures, which is now accelerating. | Photo: vestas

Cheaper, easier and better for the environment. Even if it's still in an early phase, Vestas' investment in Swedish wooden turbine tower maker Modvion could seem the perfect case for débuting investment platform Vestas Ventures, which was announced in November. An outline that the wind turbine manufacturer doesn't outright reject.

"It's in a sweet spot between the four pillars we have defined for Vestas Ventures. At the core of what we do are technology and sustainability, and that's where it hits what we want to do. It supports our products, it supports our customers, and it supports the general transition towards a greener society," says the man in charge of the endeavor, Senior Vice President of Innovation & Concepts Bo Svoldgaard, who can only come up with one grievance on the spot.

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