Press releases

Moventas focuses on renewable energy

Moventas, the biggest wind power player in Finland and globally the third largest wind turbine gear manufacturer will according to its new strategy focus on mechanical power transmission in renewable energy. The company continues also with industrial gears manufacturing that has a supporting and balancing role in the operations. The greatest growth potential, however, is believed to be found in wind power.

- Energy consumption in the world is continuously growing. To reach mutually agreed climate targets we need to take all possible means: energy saving, more efficient technological solutions, more renewable energy and nuclear energy. Of the renewable energy forms, windpower is expected to grow most during the next ten years, says Jukka Jäämaa, the CEO of Moventas.

Majority of Moventas' investments during the past couple of years have already been directed to the wind power industry. Other targets of the new strategy for the next couple of years are geographical expansion, emphasis on R&D, and especially expanding the global service network.

- Moventas has solid and special know-how in wind sector, and we will in the future put focus on making it well-known and available. After the global economic downturn we believe that the strong growth of the company will continue, Jäämaa comments.

More information

CEO Jukka Jäämaa
tel. +358 50 526 7665, jukka.jaamaa(@)moventas.com

About Moventas

Moventas is a wind gearbox technology expert and service provider. Moventas’ technology strives for lowering the cost of energy across the lifecycle of wind energy generation, from superior gearbox design and manufacture to extensive multi-brand service for 20 different turbine brands' gearboxes globally.