SWAY spins off SWAY TURBINE
27. August 2010
SWAY AS has since 2005 been developing a new wind turbine and has now decided to create a separate business entity for it called “SWAY TURBINE”. The main focus of the new company will be to prototype and subsequently commercialize the 10MW offshore wind turbine, designed for fixed as well as floating foundations. SWAY founder Eystein Borgen will be appointed CEO of SWAY TURBINE while Michal Forland will replace Borgen as CEO of SWAY.
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