Source: aicep Portugal Global

CS Wind ASM will invest around €260 million over the next four years with the goal of tripling the production capacity of wind towers and offshore foundations at the industrial facilities occupied by the group in the port of Aveiro.

This is the biggest project included in the package of 26 investment tax contracts approved Wednesday by the government, providing a maximum tax credit of €92 million, and allowing the year 2021 to close with a record €2.7 billion of foreign investment contracted by AICEP.

The group controlled since last summer by South Korean giant CS Wind, which is the world’s largest manufacturer of wind towers – it bought a 60% stake in Portugal’s ASM Industries for €46.5 million – will benefit from a tax credit of up to €16.6 million and plans to hire around 400 people by 2025.

The factory dedicated to the offshore segment currently has a production capacity of less than a hundred units per year and a total area of 72,000 square metres in the Port of Aveiro’s Logistics and Industrial Activities Zone (ZALI), located in the municipality of Ílhavo. The group also owns a factory in Sever do Vouga, which annually makes close to 200 onshore towers to be installed in onshore wind farms.

It was in this area that a private dock of 200 metres was built for CS Wind ASM, presented as the only one at national level dedicated to offshore cargo. The first ship docked here on December 26 to unload 12 components for wind towers. To assert itself as a “strategic hub for the offshore industry”, the port administration plans to increase the length of the quay to 1,000 metres.