French nuclear group Areva has formally ended its adventure in offshore wind power by completing the sale of its 50% stake in the Adwen joint venture to former partner Gamesa.
The €60m ($63.3m) sale was agreed in September 2016, forming part of the giant deal that is set to see Gamesa itself merge with the wind power business of Germany’s Siemens. That transaction is currently awaiting clearance from EU competition authorities, with the status of Adwen set to form part of their evaluation.
Adwen
