Finance
Vestas shelves Polish wind turbine plant on low European demand
Published by Global Banking & Finance Review®
Posted on October 18, 2025
2 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on October 18, 2025
2 min readLast updated: January 21, 2026
Vestas has paused its plans for a major wind turbine plant in Poland due to lower-than-expected demand in Europe, impacting job creation and renewable energy growth.
(Reuters) -Danish wind turbine maker Vestas has shelved plans to open its biggest factory in Poland, the company said in an emailed statement to Reuters on Saturday, citing weaker-than-expected demand in Europe.
Vestas announced plans for a second offshore wind turbine plant in Poland last year. The factory, which was expected to create more than 1,000 jobs, would produce blades and start operations in 2026.
However, plans for the development have now been paused, "due to lower than projected demand for offshore wind in Europe," the company said, adding that it "continues to invest in a local manufacturing footprint where the offshore wind market volume and certainty allow."
The suspension of plans was first reported by the Financial Times.
In August, Polish President Karol Nawrocki vetoed a bill meant to ease rules for building onshore wind farms. A week later Prime Minister Donald Tusk told reporters that the country would "radically increase onshore wind capacity," adding that the government was working on a resolution to allow more efficient wind turbines to be installed at existing wind farms.
Renewable energy production has been increasing in Poland at the expense of coal-fired power, though the latter still dominates the mix. In 2024, nearly 30% of Polish electricity was generated from renewable sources.
(Reporting by Rhea Rose Abraham and Ananya Palyekar in Bengaluru; Editing by Tom Hogue, Stephen Coates and Sharon Singleton)
Renewable energy is energy generated from natural resources that are replenished over time, such as solar, wind, and hydropower. It is considered more sustainable than fossil fuels.
Offshore wind energy is the use of wind turbines located in bodies of water to generate electricity. It harnesses stronger and more consistent winds than onshore wind farms.
Demand in economics refers to the quantity of a good or service that consumers are willing and able to purchase at various prices during a certain time period.
A factory is a building or group of buildings where goods are manufactured or assembled. Factories often utilize machinery and labor to produce products on a large scale.
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