Areva and Gamesa join forces to target offshore wind

Areva (Euronext: CEI) and Gamesa (BMAD: GAM) have announced a joint venture aimed at using their combined resources in the field of offshore wind power development, particularly in Europe.

The 50-50 agreement entails the venture capitalising on the developments being planned for northern Europe, where 25 GW is planned by 2020, as well as in Asia.

Areva wind turbine
Both companies believe the synergies being realised can see the venture become a leaing player on the global offshore wind market through R&D investment, which will give it an edge in terms of competitive technology. In addition they point to their “industrialisation capacity” and “expertise in the development of a supply chain”.

They will pool personnel and offshore wind related technologies and assets to the JV, including the Areva-led German Bremerhaven (turbine assembly) and Stade (blade manufacturing) plants, as well as offshore wind technology and commercial contracts.

Gamesa will also provide its multi-megawatt technologies applicable to offshore, the 5 MW platform and Arinaga turbine prototype, as well as offshore related engineering, operation and maintenance capabilities;

Additionally, the JV will enter into a preferred supplier agreement with GAMESA for some key components while the JV will continue to market AREVA’s M5000 turbine.

The venture will also engage with the acceleration in the development of the next generation of turbines, the 8 MW model.

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