Energy Industry
Industry: Email Alert RSS FeedSIEMENS CONTINUING TO DEVELOP WIND POWER BUSINESS.
Europe Energy, February, 2006
The German Siemens group is continuing to develop its wind power activities, investing a little more than euro 50 million in Denmark. This sum covers part of the Munich-based group's acquisition of a propeller assembly plant in Engesvang, owned by LM Glasfiber. Siemens also plans to invest in increasing production capacity at its Aalborg propeller assembly line and its Brande assembly plant.
Siemens only decided at the end of 2004 to move on to the "promising" wind power market by acquiring the Danish group Bonus Energy. It has recently secured contracts in the sector in the United States and United Kingdom.
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