CORRECTED-Areva signs energy partnership agreements in China

Mon Dec 9, 2013 2:47am EST

(Corrects spelling of Taishan and location of Guangdong in paragraph 8)

PARIS Dec 9 (Reuters) - French energy group Areva has agreed a commercial partnership in renewable energy with China General Nuclear Power (CGN) that will focus on offshore wind power, it said on Monday.

The tie-up aims to identify commercial opportunities in offshore wind, biomass, concentrated solar power, and energy storage, Areva said in a statement.

"Areva will provide its expertise as an offshore wind turbine manufacturer, and CGN will contribute to future projects as an investor, developer, and operator of wind farms in China and Europe," the statement said.

Areva, in consortium with Siemens, also signed a contract to supply instrumentation and control systems for two 1,000-megawatt pressurized-water reactors in China, for which construction is slated to start in 2014 and 2015.

Financial terms were not disclosed.

Areva said it had also signed with China National Nuclear Corporation (CNNC) a letter of intent to consider creating a joint venture to develop a facility making zirconium alloy, which is used in nuclear fuel assembly.

The company could produce up to 600 tonnes of zirconium alloy annually by 2017 for the Chinese market, it said.

Areva is currently building two next-generation nuclear reactors in Taishan in the southern province of Guangdong and is in talks with China to build two other reactors. (Reporting by Natalie Huet; Editing by Mark Potter)

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article