August 10 (Renewables Now) – The venture capital arm of the Danish wind turbine manufacturer Vestas Wind Systems A / S (CPH: VWS) has invested in a subsidiary of the Swedish Stena AB, which has developed a new top crane technology.
Vestas Ventures has acquired a minority stake in S&L Access Systems, the developer of Salamander Quick Lift Crane Technology for heavy lifting operations at great heights that can be used for turbine installation and maintenance.
With this technology, up to 75% fewer trucks are required for crane installation and the overall installation time is shortened, which leads to considerable savings in carbon dioxide (CO2).
This is the second investment for Vestas Ventures, which invested in Swedish wood turbine tower developer Modvion in February before making another investment in the company in June.
