Wind gear manufacturer Moventas from Finland to start R&D Cooperation with Dong Fang, one of hte largest turbine manufacturers in China.
Helsinki January 28, 2010 One of the biggest wind gear manufacturers in the world, Moventas and Dong Fang New Energy Equipment (DNEE) have agreed on cooperation.
The parties will in cooperation develop a 3 MW wind turbine of international quality requirements aimed for the Chinese market. Moventas’ role is to provide the reliable gear solution to the turbine. The first prototype gears
will be delivered in December 2010.
Concentrating on wind power, DNEE is a recently established unit in Dong Fang Electric Corporation, one of the biggest manufacturers of generating equipments in China. At the moment Dong Fang portfolio includes thermal, water and nuclear power plants of different sizes, with yearly capacity of 10.000 MW. The share of wind power grows rapidly in China, and as the third largest wind turbine manufacturer Dong Fang leads the way.
We want to offer more and competitive alternatives within renewable energy and the new 3 MW turbine will be a very attractive choice to our customers. The high quality level, competence and reliability in deliveries convinced us of Moventas as the gear provider. After all, gears are exposed to extreme conditions and high torque up in the tower, says General Manager, Director Han Zhi Quiao from Dong Fang.
For Moventas, the cooperation with the local actor means a clear opening in Chinese markets.
We have solid plans to expand our operations in Asia, especially in China. This collaboration is an excellent milestone on our path and also a strong indication of the trust that the market has on Moventas’ expertise, says Jukka Jäämaa, the CEO of Moventas.
Jukka Jäämaa, President and CEO, Moventas Oy
email@example.com, +358 50 5267665
Moventas is one of the largest manufacturers of wind turbine gears in the world. The company also manufactures power transmission solutions for industry use and provides services for their overhaul and maintenance. Majority of the products’ end use is connected with renewable energy. In 2008 Moventas generated net sales of EUR 382 million. The company has over 1300 employees in 8 countries globally with a worldwide partner network. European private equity investor IK Investment Partners holds the majority of the shares in Moventas.