LM Wind Power announces expansion in Brazil

2. October 2012

LM Wind Power, the world’s leading independent manufacturer of
blades for wind turbines, today confirmed its plans to expand the
company’s position in the Americas through the construction of a new
blade manufacturing facility in Brazil. The factory will be established in
conjunction with LM Wind Power’s joint venture partner Eólice and will
deliver blades to wind farms in Brazil and throughout South America.

The location for LM Wind Power’s first factory in Brazil will be in the port of
Suape, near Recife in the State of Pernambuco, which has been developed
for the manufacture of wind energy equipment and components, covering the
entire value chain of the wind industry. Adjacent to a world class port with a
strong local workforce, the new blade manufacturing facility will be ideally
located to serve major wind farms in the North East of Brazil and beyond. The
factory will be based on LM Wind Power's proven modular factory concept
recently used for construction of its factories in the USA, Poland, and China,
and employing up to 300 people, plus more in the local supply chain. It is
expected that blade production will commence in September 2013, and
agreements with customers have already been finalized.

In addition to the agreements already signed, LM Wind Power is currently in
advanced negotiations with a number of wind turbine manufacturers who have
expressed a need for larger blades between 40 and 70 meters in length for
future wind power auctions.

Leo Schot, CEO of LM Wind Power, commented:
“A number of strategic customers have asked LM Wind Power, as the global
market leader, to support their efforts in developing the market for wind
energy in Brazil and throughout Latin America. We are pleased to make this
announcement which confirms our commitment to our customers, so that they
can use our technology and innovation to harness wind energy profitably and
with maximum operational reliability. We are also very happy to be working
with a professional and engaged partner in Eólice, which will handle the
infrastructure side of the venture.”

The wind industry development in the northeast of Brazil is predicted to
contribute to the generation of 1,500 direct jobs with an overall investment of
100 million reais. LM Wind Power will join companies such as the Argentine
turbine manufacturer IMPSA, tower manufacturer RM Wind and Iraeta, a
company that produces flanges which also has a factory under construction in
the Pernambuco complex.

For more information, please contact:

VP Global Communication, Christopher Springham, +31 6 14814919,
chsp@lmwindpower.com

Or

Manager, Global Communication, Ann-Katrine Fredenslund, +45 5138 8369,
akf@lmwindpower.com

About LM Wind Power
LM Wind Power Group has been in the wind power business for more than 30
years and is the world’s largest component supplier to the wind industry
comprising a blades, brakes and service business, operating from or close to
the major wind energy markets. Its global manufacturing footprint has actories
located on three continents in 14 locations in Canada, USA, Spain, Poland,
Denmark, India and China – on or close to all key markets for wind
power to better serve our customers. LM Wind Power has produced more
than 150,800 blades corresponding to approximately 54 GW of installed wind
power capacity which each year helps save the world 93 million tons of CO2.


About Eólice
EÓLICE is a company created for manufacturing wind turbine blades by a
group of Brazilian entrepreneurs, some of whom were formerly with
aerospace company, Embraer. They combine renowned experience in the
composite materials industry with backing from investors and partners.

co2 neutral

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