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Tuesday, June 21, 2011

Siemens to Invest EUR150 Million to Expand Wind Power Business

Over the next two years Siemens is to invest over EUR150 million in further expansion of its wind business. Two new Research and Development (R&D) Centers are to be set up in the Danish towns of Brande and Aalborg. In addition, Siemens will match the capacity of its Danish production plants to the growing demand for offshore wind turbines in Europe expand office spaces at its headquarters in Brande to accommodate the growth in number of employees. Starting 2012, the highly successful Offshore Business will have a new Center of Competence in the Danish city of Vejle.

In 2010, Siemens opened two new production facilities in China and in the U.S. The Business Unit Siemens Wind Power already operates centers of competence around the world in order to enhance the research and development activities in this field. They are located in Taastrup, Denmark, Boulder, USA, Sheffield and Keele, United Kingdom, Aachen, Germany and The Hague, The Netherlands. "Our investments in R&D and the extension of production facilities will pave the road for our global expansion," said Jens-Peter Saul, CEO of the Siemens Wind Power Business Unit. "We will continue to expand our global production network and to regionalize our sales and project management functions to get closer to the customer. Further factories are planned in the U.K., in Canada, Russia and India," added Saul.

"The investments in our new R&D Centers will strengthen our leading position in wind turbine technology," said Henrik Stiesdal, Chief Technology Officer of the Siemens Wind Power Business Unit. "Through the investment in the new R&D test centers, we will be able to thoroughly investigate and verify new products and solutions like the Direct Drive and Quantum Blade technologies before they are implemented in the field. This will help us to ensure that we keep our unmatched track record in reliability for our next generation of large wind turbines."

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