Description/achievement of initiative
Vestas is committed to supporting increased renewable energy procurement, both in its own operations and with others.
Vestas has begun this process and a recent example of progress includes our Memorandum of Understanding with Methanex, a world leading chemicals company and producer of methanol. As a result of the MoU that Methanex and Vestas have signed, the two companies will collaborate to expand Methanex's installed renewable energy capacity. Vestas will contribute to this collaboration by providing:
– Technical advice to help Methanex assess the feasibility of powering their global facilities with wind leveraging Vestas' proprietary capabilities within siting of wind power plants.
– Vestas will also collaborate and provide government policy advice, utilizing our 30+ years of experience in this sector to support governments in implementing robust policy frameworks that enable investments in renewable energy to take place.
Arrangements for Capacity-Building and Technology Transfer
Coordination mechanisms/governance structure
To be determined.