It has been confirmed that Gamesa, soon to be merged with Siemens, will buy the rest of Adwen, the 50/50 joint venture between Areva and Gamesa.
If cleared by the European Commission’s competition authorities, that would shrink the number of wind turbine suppliers active in the European offshore wind market to four.
Our ongoing view is that to retain competition while facilitating investment in next generation technology, four viable players are needed in the market, which is a squeeze for the size of market we are expecting in the coming years.
The
