Areva, Gamesa to form offshore JV

Areva's 8MW turbine will be used at the Vendee site

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 with a strategic partner.”

Areva recently unveiled plans for an 8MW offshore turbine as part of its ambitions in the next round of French offshore wind concessions.

Gamesa has been testing its 5MW offshore machine in the Canary Islands.

Gamesa in 2010 entered talks to buy into the German offshore wind group Bard, but the negotiations faltered and the Spanish group walked away.

Gamesa was also at one stage in talks with Suzlon over a possible stake or acquisition.

The JV would follow the alliance late last year between Vestas and Japan's Mitsubishi Heavy Industries.

Vestas gets 58MW Poland order

01 September 2014 05:44 GMT

Glennmont round raises €500m

01 September 2014 04:34 GMT

Scots grant licence for EOWDC

01 September 2014 03:00 GMT

Aikengall extension opposed

01 September 2014 02:31 GMT

Drive to cut UK offshore costs

01 September 2014 01:21 GMT

Met Office launches German service

01 September 2014 12:43 GMT

Mainstream switches strategy

01 September 2014 12:29 GMT

IN DEPTH: The Eno success story

01 September 2014 12:07 GMT

NTR exploring US wind sale

29 August 2014 05:30 GMT

Siemens mulls options in Brazil

29 August 2014 08:28 GMT

Invenergy finances Quebec project

29 August 2014 04:29 GMT

400MW Global Tech 1 set to go

29 August 2014 03:10 GMT

First wind farm spins in Samoa

29 August 2014 09:10 GMT

Cape Wind faces new legal appeal

28 August 2014 05:46 GMT

Become a Recharge subscriber!

Or try our free trial.

Order Subscription

Already a member?


Recharge Monthly Magazine