GE invests €50 million in Swedish wind plants
New offshore wind investments will result in 50 new jobs in Sweden.
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General Electrics, the multinational American technology and services conglomerate, plans to invest some 340 million euro to develop or expand its wind turbine manufacturing, engineering and service facilities in four European countries: the United Kingdom, Norway, Sweden and Germany, the company said Thursday.
In Sweden GE will expand its current offshore wind facilities. The firm plan to develop a Conceptual and Systems Design Center in Karlstad, build a technology demonstration unit in Gothenburg harbor and join the Chalmers Wind Energy Center in Gothenburg.
The new investments will result in 50 new jobs and a €50 million investment related to GE’s offshore wind business in Sweden by 2016, the company said.
“Offshore wind will play a vital role in meeting the growing global demand for cleaner, renewable energy and has a bright future here in Europe,” said Ferdinando (Nani) Beccalli-Falco, president and CEO of GE International.
“These investments will position us to help develop Europe’s vast, untapped offshore wind resources, while also creating new jobs for both GE and our suppliers.”
The European Wind Energy Association expects that Europe’s offshore wind sector will grow more than 70 percent this year.
Last Updated (Thursday, 25 March 2010 11:24)
