At LM Wind Power, it’s been an incredible year of big news and BIG blades. Take a look back at the top stories of 2016.
Starting out the year, we initiated the first recruitment campaign to attract talented engineers. Throughout 2016, we increased the overall number of staff across the world. At the beginning of 2016 we employed 6332 people, and by the end of the year we totaled more than 9000 people worldwide!
The world’s first offshore wind farm in Vindeby, Denmark, was announced to be dismantled. Powered by LM blades for 25 years, and with a capacity smaller than just one offshore turbine today, Vindeby is in many ways a symbol of the extraordinary development of the wind industry.
Released in March, the 2015 Annual Report demonstrated a significant turning point for LM Wind Power, with the company making a net profit for the first time since 2009. Impressive growth in revenue and profitability continued throughout 2016, driven by strong demand for our products. As of November, year to date (YTD) 2016 revenue was up EUR 235.8 million or 43.5% at EUR 778.5 million, compared with EUR 542.7 million in the same period in 2015. At constant exchange rates, year-to-date revenue growth was 48.0%. The full year-end results will be announced March 30, 2017.
LM Wind Power celebrated the inauguration of our new factory in Vadodara, Gujarat, India. The factory began production one month ahead of schedule!
We relaunched our website, wwwlmwindpower.com, at the end of May. It is the hub for sharing facts, news and stories from #LMplaces. Here we engage with our many stakeholders through a visually-appealing and compelling narrative of who we are and the value we bring, through our amazing technology and our commitment to building a cleaner world.
Did you hear the BIG news? In June 2016, we shattered the length record again! On June 21 at Global Offshore Wind in the UK, we announced the world’s longest blade – again – this time alongside our customer Adwen. This huge component of 88.4 meters was specifically designed for Adwen’s AD 8-180 wind turbine model, with 8MW nominal capacity and a 180 meter rotor diameter
On July 14, we announced the groundbreaking of our 14th blade manufacturing facility to be located in Bergama, Turkey. This was the second new plant announced in the first half of 2016 and a strong sign of the increased demand for our blades and positive expectations for the future.
The first offshore wind farm in the United States was installed in August 2016! Deepwater’s Block Island Wind Farm, home to five GE Renewable 6 MW Haliade turbines, is powered by LM Wind Power 73.5 meter blades.
At the biggest European industry event in Hamburg, Siemens announced the collaboration with LM Wind Power on a new hybrid carbon 69.3 meter blade for their new low wind turbine - the SWT-3.15-142.
October 11, 2016 marked the beginning of a new chapter in the history of LM Wind Power. After 15 years of ownership by Doughty Hanson, we announced that GE intends to acquire LM Wind Power for an enterprise value of EUR 1.5 billion.
In November we shined the spotlight on the extraordinary testing of the world’s longest blade. During the static tests, the LM 88.4 P was pulled with the weight of approximately 16 African elephants, to test its ability to withstand extreme wind conditions. Not only did the LM 88.4 P pass its first test, but it also completed the tests in record-breaking time.
Sustainability has always been close to the heart of LM Wind Power, linking to our vision: Together, we capture the wind to power a cleaner world. During 2016, we formalized this concept with a new Sustainability function, led by CEO Marc de Jong who brings a personal vision and energy to our Sustainability program. And in December, we set a challenging new target for LM Wind Power: Carbon neutrality by 2018! Stay tuned in 2017 for more about the #CleanLM Project, as we set a new standard for Sustainability in the wind industry.
First engineering recruitment campaign of the year
World's first offshore wind farm at Vindeby, Denmark to be dismantled
2015 Annual Report demonstrates impressive growth in revenue and profitability
Inauguration of a new factory in Vadodara, India
Relaunch of the LM Wind Power website
LM 88.4 P sets record for world's longest blade
Groundbreaking of a new factory in Bergama, Turkey
LM 73.5 meter blades installed at the first U.S. offshore wind farm
Siemens announced low wind turbine with new hybrid carbon LM 69.3 meter blade
GE announced intention to acquire LM Wind Power
The world's longest blade is put to the test
LM Wind Power pledges to go carbon neutral by 2018 with #CleanLM project