Adwen – 50/50 owned by Gamesa and French state-owned power group Areva – was long seen as a sticking point in the protracted negotiations.
The terms of today’s deal give Areva three months to sell its stake, buy out Gamesa or sell the whole of Adwen to a third party via a “drag-along” clause for the Spanish group’s stake.
US giant GE said yesterday it is potentially interested in a deal for Adwen that would add the joint venture to the existing French offshore wind assets it acquired last year via its takeover of Alstom.
The
