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Vestas gambles on India coming good on wind with 4X nacelle plant

We often say that the Wind industry is all about distribution of jobs, and that each key market needs to somehow “acquire” it’s fair share of jobs from the major suppliers. But India has been a real issue for the renewables industry, and we go back to one head of a major multinational in another sector – Nokia – when it was the phone leader pre-iPhone – when it arrived in India. An executive related to us a story in which he told a local businessman what the phones would cost and he answered, “Let us make the phones for India, then they will cost less,” and that lead to Nokia employing a vast number of Indian workers and exporting…

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