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Swancor to supply blade materials to MHI Vestas in Taiwan

MHI Vestas blade. Image: Courtesy of MHI Vestas Offshore Wind.

July 3 (Renewables Now) - MHI Vestas Offshore Wind has signed a conditional deal today in Taiwan that calls for Swancor Holding Co Ltd to supply materials used in the production of wind turbine blades.

The joint venture between Denmark’s Vestas Wind Systems A/S (CPH:VWS) and Japan’s Mitsubishi Heavy Industries (TYO:7011) said that the new contract covers more than 50% of the direct materials value of blade manufacturing, including carbon tow, carbon pultrusion, resin, and bonding glue. Moreover, it enables the possible export of materials to supply projects equipped by MHI Vestas globally.

“With local production of blade materials now confirmed, with the potential for global supply, we will continue to advance our localisation agenda to ensure that we are ready to deliver on our first projects in the market,” said Lars Bondo Krogsgaard, MHI Vestas Co-CEO.

Meanwhile, Swancor considers setting up a joint venture with Formosa Plastics Corporation to establish a carbon fibre material production base in Taiwan.

In October 2018, MHI Vestas signed a conditional contract with a partnership between South Korea's CS Wind Corp (KRX:112610) and Chin Fong for the local production of wind turbine towers in Taiwan.

MHI Vestas has been chosen to supply 9-MW turbines for three upcoming offshore wind projects in Taiwan.

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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