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20 January 2014
Today Gamesa and Areva announced the entry into exclusive negotiations to create a 50/50 joint-venture company in the field of offshore wind power.
The offshore market represents one of the most promising areas for the development of renewable energies over the next decade, particularly in the coastal countries of northern Europe, where the installed base should reach over 25 GW by 2020, and in Asia.
By joining forces, Gamesa and Areva will enable the JV to become one of the leading players in the global offshore wind market, contributing to the development of this growing sector through:
This JV will benefit from significant synergies:
Gamesa and Areva will pool personnel and offshore wind related technologies and assets to the JV:
The JV will develop a best-in-class product portfolio aimed at covering offshore market needs:
The JV will fulfill existing industrial development commitments both in the UK and France, that have up until now been led by Areva, which notably include the creation of a turbine assembly plant and blades manufacturing facility at Le Havre and the implementation of a network of sub-contractors and partners.
“This agreement with Areva allows Gamesa to position itself as a market leader in the offshore wind industry. The JV will provide Gamesa with an additional profitable growth platform complementary with its 2013-2015 Business Plan and which shall create material synergies with our onshore wind activities”, declared Ignacio Martin, Chairman of Gamesa. “Likewise, this joint venture will pave the way for the creation of a leading and cutting-edge company in the offshore segment with know-how across the end-to-end wind energy value chain.”
“By choosing to create a European offshore wind champion with Gamesa, Areva is playing a key role in the consolidation, already underway, of the offshore wind sector, and confirms its long-term commitment to renewable energies,” declared Luc Oursel, President and CEO of Areva.
The definitive agreements concerning the creation of the JV will be signed within the next few months following final negotiations between the parties and discussions with personnel representative bodies at Gamesa and Areva.
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