Xabier Etxeberria, Gamesa’s business CEO and chairman of the new venture, which was confirmed today, claimed in a conference call with analysts that the link-up with Areva is based on a “sound strategic rationale” that would allow it to quickly carve out a leading position.

“It’s a very concentrated market with technological leadership requirements that we are going to possess.”

The 20% market share ambition is based on a solid foundation of Areva’s exisiting 3.4GW