Vestas strengthens cooperation with wooden turbine tower manufacturer

The OEM extends its collaboration with Sweden's Modvion, which makes wind turbine towers out of wood, in a new targeted equity emission.

Photo: Modvion

Early this year, Vestas announced its cooperation with Swedish manufacturer Modvion. Now, the Danish company is expanding the partnership even further. Vestas Ventures has just made a new investment in Modvion via a directed share issuance to reinforce its engagement, Modvion informs in a statement.

"Our collaboration with Modvion holds significant potential to help accelerate the energy transition and further increase sustainability within the wind energy industry," writes Bo Svoldgaard, senior vice president and head of Innovation and Concepts at Vestas, in the media release:

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