Nordex, the turbines maker, is headed where the wind blows. The Rostock, Germany-based firm said Friday it will invest $100.0 million in building up its own wind turbine production in the United States, signaling an interest in increasing its market share outside its European base.From Reuters:
...In a first step, Nordex plans to set up a wind turbine assembly site with an annual production capacity of 750 megawatt (MW) by 2012, but has not yet chosen a location.
"We are looking for a centrally located facility, with everything pointing to a location in the Midwest," said Ralf Sigrist, president of Nordex USA Inc.
The first U.S.-assembled turbines are expected to hit the market next year.
In a second move, Nordex plans to establish its own rotor blade production facility as of 2010, for which it set aside two thirds of the $100 million investment sum....