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Vestas invests $40m in Colorado factories as US onshore wind market poised for 2024 rebound - Recharge

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Vestas invests $40m in Colorado factories as US onshore wind market poised for 2024 rebound | Recharge

Vestas is investing $40m at its two Colorado factories to manufacture the V163-4.5MW wind turbine, the OEM’s newest for the US onshore market, which is forecast to resume modest growth in 2024.

Vestas expects to hire between 800 and 1,000 local employees to support the manufacturing efforts at both its blade facility in Brighton and nacelle factory in Windsor north of Denver.

Plans call for building expansions, new blade molds, and installation of new equipment for production of the V163-4.5MW

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Related Knowledge Center: ENERGY BASICS: wind

State of Play

Decades of government support for the development of wind energy has resulted in lower costs and a rapidly growing share of electricity generated by wind turbines. Wind in 2019 accounted for 7.3 percent of electrical generation, surpassing for the first time hydropower at 7.0 percent. 

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