Finland's The Switch nabs $132M in orders from Germany, China

06/20/2013 | Bloomberg

Finland's The Switch Drive Systems Oy booked more than $132 million in orders from Germany's Prokon Group and companies in China. Prokon ordered 100 3-megawatt direct-drive generators and full-power converters, while the Chinese firms' orders represent a "significant" sale, The Switch said. "These orders show growing confidence again in wind power in all parts of the world," said Jukka-Pekka Makinen, The Switch's president and CEO, in a statement.

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