Vestas to Build US Wind Turbine Plant

Renewal of PTC and healthy wind energy market in US prompts plans to invest in US manufacturing plant.

Published: 14-Mar-2002

COPENHAGEN, March 14 (Reuters) - Denmark's Vestas said on Thursday it would soon build a wind turbine manufacturing plant in the United States as substantial orders from that market were expected.

"With our sales expectations for the U.S. market this year and the next, we plan to establish production capacity over there within a short period of time," Chief Executive Johannes Poulsen told Reuters on the sidelines of a news conference on Thursday.

He said final approval of concrete plans were pending.

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