Dagens Industri wrote this week once again about Modvion’s groundbreaking technology; to build wind turbine towers in laminated wood. The company’s first commercial tower is now under construction on Skaraslätten, just over a mile from Skara.
With the construction of the world’s tallest wind turbine tower made of wood, Swedish wood technology company Modvion is now ready for its big breakthrough, according to CEO Otto Lundman. With gigantic wooden towers and, among others, wind power manufacturer Vestas in the owner list, the goal is to become a major player in the global wind power market.
Modvion’s tower is built with a turbine from Vestas and the tower will have a total height of 150 meters.
This is a hugely important step for us, partly because it is our first commercial installation and partly because it shows that our unique technology really works even on a large scale, says Otto Lundman, CEO and co-founder of Modvion.
To finance the next step in the development, Modvion is now planning a new funding round of just over SEK 200 million, aimed at existing and other major investors. We see great interest and are optimistic about success.
Facts on wooden wind turbine towers can be found here.
High-resolution press images from Modvion can be found here
About Modvion
Swedish wood technology company Modvion develops demanding designs made of laminated wood, nature’s carbon fibre, for large-scale applications. Wooden designs enable radical reductions in emissions by replacing emission-heavy materials such as steel and concrete. Thanks to their patented module system, Modvion has been able to develop cost-effective wind turbine towers and more efficient transportation for installations of tall towers. The operation is part-financed by the Swedish Energy Agency, the Västra Götaland region, and the EU program Horizon 2020 EIC Accelerator.
