Japan-based SD Green Energy has acquired the wind turbine product range from Kingspan for an undisclosed price.
Image: Toshiro Urushitani CEO of SD Group with Richard Caldow formerly Kingspan Wind and now Managing Director of the newly formed SD Wind Energy Ltd. Photo: courtesy of Business Wire.
SD Green Energy have established a new division called SD Wind Energy Ltd and will expand its team immediately with the addition of the staff and manufacturing capabilities of the site in Stewarton, Scotland.
This will also be supported by an existing international sales team based in Asia.
SD Wind Energy will take on existing customers which includes an installed fleet of over 5’000 wind turbines globally and will continue to provide uninterrupted warranty and field support to the entire global fleet.
SD Green Energy CEO Toshiro Urushitani said: “SD Green has a major presence in the Japanese and Asian markets for renewable energy and we see huge potential for wind turbines in these markets.
“We also look forward to growing our presence in the oil & gas, off grid, domestic, agricultural and microgrid sectors. This is a great business opportunity with a solid management team and we see huge growth potential.”
Kingspan will continue to market the wind turbine range within their energy portfolio, and will work with SD Wind Energy over the coming months to ensure a smooth transition for all stakeholders.
Source: Company Press Release