LM Wind Power to ex­pand in New Or­leans

The Sun Herald - - Business -

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.

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