Spain's Ingeteam unveils $15 million wind power facility in U.S.
Bilbao, Spain-based renewable energy firm Ingeteam last week unveiled its plans for a new $15 million wind manufacturing facility in the U.S.
The company, which claims between 12 and 15 percent global market share for wind power components, will open the new, 100,000-square-foot plant in Milwaukee, Wisconsin in January 2011.
The facility will produce generators and converters for 1.5 to 5 MW wind turbines and solar power inverters that range from 2.5 kW units for residential use, up to 500-kilowatt units for utility-scale installations.
It will be capable of producing 7,500 megawatts of electricity per year.
"We believe the North American market represents a strategic opportunity because of expectations for growth in wind and solar power," Ingeteam CEO Aitor Sotes said in a statement.
Ingeteam currently has management office in Mequon, Wisconsin and a sales office in Santa Clara, Calif. for solar photovoltaic inverters.
"We selected Milwaukee for its close proximity to distribution channels, its experienced engineering labor pool and the persuasiveness of the local government officials," Sotes said.
In addition to the energy industry, Ingeteam also makes electronic technology for the industry, marine and railway sectors.
The company isn't the only clean energy firm setting up shop in Wisconsin. High-speed train manufacturer Talgo was also recently approved to anchor a new business park in the same area.
Ingeteam's announcement was made at the WindPower 2010 Conference in Dallas, Texas.
This post was originally published on Smartplanet.com