Project Traits
State: Colorado
Congressional District: CO08
Organization Type: Commercial
Partner Organization(s) Type: None or Unknown
Energy Sector: Clean Power
Energy Subsector: Solar
Project Start Year: 2023
Project Launch Year: Unknown
Government Support Received: Federal Tax Credit [Manufacturing Production Tax Credit (45X)] for Unknown Amount
Outcomes & Impacts
Private Investment: $20,000,000
Jobs Announced or Created: 450
People Served: Unknown
Projected Economic Impact: Unknown
Vestas’ investment in its onshore wind manufacturing footprint will support growth in the U.S. wind industry as the country incentivizes a clean energy transition. President of Vestas North America Laura Beane applauded the Inflation Reduction Act in a statement, noting the law’s role in kick-starting a domestic clean energy supply chain and helping to pave the way for the company’s new investment.
The turbine uses an established supply chain and infrastructure, including transportation, operations and installation to help deploy wind energy quickly. Vestas said it spent over $465 million across Colorado’s local supply chain last year alone.
Vestas’ investment will also create jobs in the area. The wind giant expects to hire between 800 and 1,000 local employees to support its new manufacturing efforts at its Colorado blade and nacelle facilities, which both experienced staff reductions two years prior. Vestas cut 450 jobs across its Colorado factories and consolidated some production in 2021 due to lower market demand, The Denver Post reported.