Areva snaps up German turbine-blade manufacturer

French nuclear giant Areva has signed an agreement to buy German blade manufacturer PN Rotor from Prokon Nord Energiesysteme, adding to its growing presence in the offshore wind-turbine segment.

London: Areva Renewables chief executive Anil Srivastava says: "This acquisition reinforces Areva's ability to bring value to its offshore wind customers by securing the supply of a broader range of key components. The group is on track to become a major player in this rapidly growing sector."

PN Rotor has a blade factory in Stade, Lower Saxony, where it has the capacity to produce 300 of its 56.5-metre blades per year.

Areva, which bought a majority stake in turbine producer Multibrid from Prokon Nord in October 2007, recently signed a memorandum of understanding to supply 80 M5000 five-megawatt turbines to the Global Tech 1 wind farm in the North Sea, worth over Û700m ($988m).

It also has a contract to supply a similar amount of turbines to the Borkum West 2 offshore wind farm.

Areva says that there are currently projects with a capacity of 37 gigawatts in the pipeline in the European offshore wind market.