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CS Wind to acquire Vestas' Pueblo tower factory in Colorado · Endata

◂ Announcements

Jun 3, 2021ACQUISITIONPueblo, Colorado, United States

CS Wind to acquire Vestas' Pueblo tower factory in Colorado

Vestas has signed an agreement to sell its tower manufacturing facility in Pueblo, Colorado, to CS Wind, a Korea-based tower manufacturer. The deal aims to enable increased volume and multi-brand tower production, with Vestas securing an agreed volume of output.

Value

$150.0M

Status

Announced

Capacity

over 3,000 tower segments per year

Productswind turbine towers

CompaniesVestas Wind Systems target Vestas target CS Wind acquirer

Sectors#Power Generation Equipment

“Vestas has signed an agreement with CS Wind, a Korea-based tower manufacturing company, for the acquisition of Vestas’ tower manufacturing facility in Pueblo, Colo.”nawindpower.com

2 sources
nawindpower.comCS Wind Acquiring Vestas Pueblo Tower FactoryMatthew MercureJun 3, 2021
kedglobal.comCS Wind acquires US wind tower factory from Vestas at $150 mn - KED GlobalJi-hye MinJun 4, 2021

Summarized from public sources; check the original articles before acting on it.

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Vestas secures 74MW order for two Finnish wind farms from Ilmatar
Vestas Wind Systems supplier Ilmatar Energy customer nsenergybusiness.com
Oct 29, 2020PARTNERSHIPJapan, Japan
Vestas and MHI plan joint venture for wind energy in Japan
Mitsubishi Heavy Industries partner Vestas Wind Systems partner windtech-international.com
Oct 29, 2020ACQUISITIONDenmark$832.0M
Vestas to acquire MHI's 50% stake in offshore wind JV for US$832 million
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