Production in the new factory is on track to begin in Q2 this year.
LM Glasfiber has signed a strategic cooperation agreement with a new customer, Envision, a leading Chinese wind turbine manufacturer. The agreement comprises a firm blade supply contract of minimum 2,000 MW for Envision’s wind turbines, starting with their 1.5 MW turbine. As a result of the agreement, LM Glasfiber will establish its fourth manufacturing facility in China, in Jiangyin, close to Shanghai. Production in the new factory is on track to begin in Q2 this year.
This agreement also marks one of LM Glasfiber’s first large scale contract based on the new innovative rotor blade concept called GloBlade®. The LM 42.1 GloBlade®1 offers a step change to the industry standard for the 1.5 MW wind turbines currently available in the market. GloBlade®1 offers an innovative aerodynamic design developed in LM Glasfiber’s wind tunnel which allows for an additional annual energy production increase of 4-5% over 40.3 blades. This enables LM Glasfiber’s customers to open new markets for wind class III all around the world.
Lei Zhang, CEO of Envision says: “I am pleased to have signed this agreement with LM Glasfiber ensuring the delivery of high performing, high quality blades for our high quality wind turbines. LM Glasfiber’s know-how, global footprint and long track record in the wind business will be a great asset to us as we expand our business in China and internationally.”
Ian Telford, VP Sales and Marketing of LM Glasfiber adds:”We are looking forward to our close cooperation with Envision which is a very professional and ambitious Chinese player. With this agreement we further strengthen our foothold in China and secure our continued growth in this strategically important market. We again prove our leadership within rotor blade design as we bring the first series of GloBlades® to the market. This innovative concept, with highly efficient blades that set new standards for cost of energy from wind, will not only increase our market share in China but expand the potential wind market into lower wind areas across the world.”