Areva SA And STX France Announces Cooperation Agreement

Areva SA and STX France announced cooperation agreement with a view to optimizing foundations for offshore wind turbines. AREVA will bring in design and production of wind turbines and STX France know-how in specialized offshore foundations, with a view to strengthen competitiveness of offshore wind power in a European market that should see installed base reach around 40,000 MW by 2020. Under the terms of the agreement and in line with wishes of power utilities, AREVA and STX France will look to make joint wind turbine/foundation offers on European projects. STX France would, in addition to designing the foundations, be responsible for complete or partial manufacture of the structures.