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

by MAZ PLECHINGER

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.

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Vestas buys into wooden turbine tower maker
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