Home MMBIZ News Danish Firm Strikes Wind Energy Deal

Danish Firm Strikes Wind Energy Deal

Danish wind turbine manufacturer Vestas Wind Systems has signed a deal with local firm Zeya & Associates to develop wind projects in Myanmar, Denmark’s Ministry of Foreign Affairs said.

The agreement is expected to ensure Myanmar with a stable energy supply and welcomes Vestas on a new market, which will manifest the company as a strong global player in the wind industry, the Danish foreign ministry said in a statement.

“The country is facing a rapidly growing demand for energy in the future, and wind energy can contribute to creating a sustainable solution meanwhile being a good business case for investors,” said Giorgio Fortunato marketing director of Vestas in Asia, in the release.

Specific details about Vestas’ projects in Myanmar have not been disclosed at this point.

According to Danish newspaper Børsen, the partnership will initially focus on developing a wind energy project of 32 megawatts in Mon state, valued at $3 million.

To date, Vestas has about 68 gigawatts of cumulative installed capacity across 73 countries, according to the firm’s website.

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