EnergyWatch

Vestas and JP Morgan enter partnership worth millions

The Danish wind turbine manufacturer has teamed up with the US investment bank and will inject millions of euros in a new platform for project financing to help boost market shares.

Photo: Frank Boutrup Schmidt/Vestas

Vestas and JP Morgan Asset Management have entered into a new financial platform for the production of offshore wind turbine projects. The entity, which operates independently of the two companies, has been named Vision Renewables and has start-up capital of EUR 333 million.

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