Vestas Ventures invests in Swedish lift crane technology developer

S&L Access Systems crane technology. Image by Stena AB.

August 10 (Renewables Now) - The venture capital arm of Danish wind turbine manufacturer Vestas Wind Systems A/S (CPH:VWS) has made an investment in a subsidiary of Swedish firm Stena AB, which has developed a new top crane technology.

Vestas Ventures has taken a minority stake in S&L Access Systems, the developer of the Salamander Quick Lift Crane Technology for heavy lifts on big heights, which can be used for turbine installation and maintenance.

With this technology, crane installation requires up to 75% fewer trucks and the total installation time is reduced, resulting in significant carbon dioxide (CO2) emissions being saved.

This is the second investment for Vestas Ventures, which in February invested in Swedish wooden turbine tower developer Modvion before making an additional investment in the firm in June.

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Before joining Renewables Now, Alex was a UK-focused business news reporter. Now she is covering global news from the renewable energy industry with a special interest in M&A.

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