LM Wind Power to expand in New Orleans
A Denmark-based company that makes wind turbine blades is expanding its New Orleans office into a tech center for the Americas that will test new design and building techniques.
LM Wind Power says it will create 100 new jobs with average salaries of $52,000 by 2021.
The facility will drive innovation “to ensure that LM Wind Power is able to design longer, lighter, more affordable blades – a key driver in the continued growth of the U.S. wind power industry,” CEO Duncan Berry said in a Louisiana Economic Development news release.
LM Wind Power currently has 45 employees at NASA’s Michoud Assembly Facility in New Orleans.
The company is based in Kolding, Denmark, and owned by GE Renewable Energy, a General Electric division headquartered in Paris. GE bought the company last year for $1.65 billion and consolidated it with Blade Dynamics, which it had bought in 2015.
Blade Dynamics originally rented the 80,000square-foot facility where LM Wind Power is located. It has 20,000 square feet of office space and triple that amount of manufacturing space.
The news release said LM Wind Power qualifies for a program that offers up to a 6 percent cash rebate of annual payroll for up to 10 years, for new direct jobs. The Quality Jobs program also gives tax breaks on capital spending or investment.