CS Wind to Acquire Vestas Pueblo Tower Factory
Wind energy and Vestas have grown tremendously in recent years, which has required the industry’s and Vestas’ supply chain to mature and scale up
Wind energy and Vestas have grown tremendously in recent years, which has required the industry’s and Vestas’ supply chain to mature and scale up rapidly. With wind energy and renewables expected to continue to grow in the coming decades to meet energy needs and fight the climate crisis, the scaling, specialisation and industrialisation will continue. As a result, supply chain resilience will improve, while jobs will be maintained and created from the continued growth and increasing number of companies that are part of the wind energy value chain.
To support future growth, Vestas is evolving our core business to focus on key areas of expertise and expanding partnerships with specialised supply chain partners to further optimise domestic supply chain capabilities. To continue this development, Vestas has signed an agreement with CS Wind for the acquisition of Vestas’ tower manufacturing facility in Pueblo, Colorado. The aim of the agreement is to allow the factory to be run by a company specialised in tower manufacturing and hereby enable increased volume as well as sustained local job creation by extending tower production to multiple wind turbine manufacturers, including Vestas.
As a part of an agreement, Vestas will secure an agreed upon volume of the tower factory’s output to secure domestic supply for the North American market. In addition, CS Wind will expand offerings to include manufacturing of towers to other wind turbine manufacturers through a multi-brand strategy, as well as continue the ongoing Vestas investments and initiatives to reduce CO2-emissions.
Established in 2009 as the world’s largest tower manufacturing facility, the Pueblo factory today employs more than 500 people and manufactures over 3,000 tower segments a year.
The Pueblo location is the last tower factory in Vestas footprint that Vestas owns and operates itself, and this divesture reflects both Vestas focus on deploying resources to Vestas areas of expertise, and the maturation and growth of specialised partners like our tower suppliers.