WEG establishes joint venture to produce wind turbines
Jaraguá do Su, Brazil -- WEG and the Spanish company M. Torres Olvega Industrial (MTOI)have established a joint venture for the manufacturing of wind turbines.
Jaraguá do Su, Brazil — WEG and the Spanish company M. Torres Olvega Industrial (MTOI)have established a joint venture for the manufacturing of wind turbines.
A technology transfer agreement between WEG and MTOI resulted in the establishment of the joint venture, with equal shareholding participation, and includes manufacturing, assembling, installation and commercialization of wind turbines, as well as a package of operation and maintenance services to be provided in Brazil.
The technology developed by MTOI allows the power generator to be coupled directly to the turbine shaft, without requiring the application of a gearbox. As a result, there will be a significant reduction of components, as well as operational and maintenance costs. “We are stepping into this segment with a technology that is modern and comparable to what is best in the market. Our partner has already supplied wind turbines to Europe for over 10 years,” says Newton Idemori, WEG’s business development director.
The MTOI Group was founded in 1975 to design, develop and manufacture systems for industrial and process automation solutions for the aeronautics, pulp and paper, and energy sectors.
The wind turbines are being initially manufactured at WEG Energy manufacturing facilities in Jaraguá do Sul, in the state of Santa Catarina, Brazil with the first order scheduled to be delivered in the second half of 2011.About 250 employees are working directly in the manufacturing of this new WEG product.
“In addition to allowing a more direct participation in the wind-power generation business, this co-operation agreement will give us the possibility of meeting the growing domestic market demand,” says WEG CEO Harry Schmelzer Jr. “Furthermore, several of our current products, such as generators, transformers, drives, electric motors and coatings, will make up part of the package to be supplied to this market segment” he adds.