Areva, Gamesa confirm JV plan

The JV will continue to market Areva's M5000 turbine

The JV will continue to market Areva's M5000 turbine

Areva and Gamesa have confirmed that they expect to finalise the creation of an offshore wind joint venture company within the next few months, saying they will form a “European champion” that can succeed in the global market.

The two companies said a few minutes ago they have entered exclusive negotiations over the 50/50 JV company, as Recharge reported on Friday.

In a statement confirming the move, the two prospective partners claimed the new entity will enjoy “significant synergies" that can succeed in Northern Europe and Asia.

They will pool their staff, and offshore wind related technologies and assets into the JV.

In Areva’s case that includes the Bremerhaven turbine assembly and Stade blade plants, plus offshore technology and commercial contracts.

Gamesa will put in its “existing multi-megawatt technologies applicable to Log in to read complete article.

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