Vestas Establishes Operation Focused on Latin America for New Investments in Renewable Energy

Written by Valdemar Medeiros

Published on 02/06/2021 at 13:18

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After Reaching 5 GW in Its Wind Turbine Model, Vestas Creates a New Operation Focused on Latin America Where Brazil Will Play a Major Role in New Investments in Renewable Energy.

Due to changes in Vestas’ internal organization, a new operation focused on the Latin American region has been created. The new operation is set to start on January 1, 2022, under the leadership of executive Eduardo Ricotta and promises new investments in the Brazilian renewable energy market, primarily in the offshore wind industry.

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New Vestas Operation in Latin America Attracts Investments

Before the announcement, Latin America was considered a sub-region of business for Vestas, but with the company’s new renewable energy investment configuration, the region will become a unique and consolidated unit starting next year. Even operating in 34 Latin American countries, in this new investment operation, Brazil will have a major role, given that the country is one of the company’s main markets in the renewable energy sector.

In May, Vestas received orders for 5 GW for its V150-4.2 MW Wind Turbine. The model began manufacturing in 2019, in Aquiraz (CE), and so far, 2 GW are already in production. With the new investment operation, Eduardo Ricotta and other regional presidents recognized the potential and announced they would meet with Vestas Group President and CEO Henrik Andersen.

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According to Ricotta, this announcement confirms the importance of Latin America to Vestas and makes its commitment to the development of the renewable energy sector more real. He states that the company has proven the strength of its regional market year after year, and is dedicated to continuing to support its clients in strategies to meet the demand for solutions that utilize renewable energy.

Partnerships That Led to the Success of Vestas’ Wind Turbine

In early May, Vestas partnered with Omega Energia for the supply of 47 turbines of the model, which will be used in the Bahia project. At the time, Ricotta stated that Omega is one of the leaders in the renewable energy sector in the Brazilian market.

He also stated that through investments like this, Vestas reached the 5 GW sold. This demonstrates that the turbine is well-suited to Brazilian climatic conditions.

About Vestas

As a Danish company that has been in the market since 1945, Vestas holds the title of the world’s largest company in wind energy production. In addition, the company has offices in 24 countries and has installed its wind turbines in over 74 countries.

Although it was founded in 1945, Vestas began manufacturing wind turbines only in 1979. Previously, the company worked with applications for domestic use, manufacturing agricultural equipment, intercoolers, and hydraulic cranes respectively.

Vestas Establishes Operation Focused on Latin America for New Investments in Renewable Energy

After Reaching 5 GW in Its Wind Turbine Model, Vestas Creates a New Operation Focused on Latin America Where Brazil Will Play a Major Role in New Investments in Renewable Energy.

Read Other News

New Vestas Operation in Latin America Attracts Investments

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Partnerships That Led to the Success of Vestas’ Wind Turbine

About Vestas

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Vestas Establishes Operation Focused on Latin America for New Investments in Renewable Energy

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