Global Tech 1 costs Areva in Q1
French group Areva said it was hit by extra costs in the first quarter of the year as a result of issues at Germany’s Global Tech 1 offshore wind project.
Eighty of Areva’s 5MW turbines are being installed at the North Sea project, with the halfway point reached in mid-April.
Reporting quarterly revenue figures, Areva said the costs were “mainly due to delays experienced over the winter during the offshore installation and turbine testing phase, which were attributable to the supplier of electrical access to the wind farm, to the late availability of a ship, and to particularly severe weather conditions.”
Areva is negotiating an offshore wind alliance with Gamesa of Spain, which means the wind operations have been separated from the wider group for accounting purposes.