Areva, Gamesa to form offshore JV

A rendering of Areva's 8MW turbine

A rendering of Areva's 8MW turbine

France’s Areva and Spanish wind group Gamesa are poised to announce a joint venture in the offshore wind sector, Recharge can confirm.

The two companies will hold a 50% stake each in the venture, which will be formally announced on Monday.

The alliance has been confirmed to Recharge by a source at one of the partners.

An industry source told Recharge: “This is good news because it brings together the strengths of both companies while matching the financial strength of Areva to the relative financial weakness of Gamesa.”

While declining to confirm the deal, a Gamesa spokesperson in Madrid said: “We have said on various occasions that the way to move forward is through a alliance Log in to read complete article.

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