Danish Vestas plans 2.7 billion
Photo: Johan Nilsson/TT

Danish Vestas plans 2.7 billion kronor factory in Scotland for offshore wind

Danish wind turbine manufacturer Vestas plans to build a factory in Scotland to meet increasing demand for offshore wind power.

The factory represents an investment of over 250 million euros, equivalent to approximately 2.7 billion kronor. Vestas estimates that the investment will generate 500 new jobs.

The factory could be ready for production in 2029–2030, but the decision is conditional on the company receiving enough orders from the UK in upcoming auctions.

Vestas shares rose 4 percent on the Copenhagen Stock Exchange at 1 p.m.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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