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Areva SA and Gamesa signs binding agreements for creation of joint venture company


Monday, 7 Jul 2014 03:23am EDT 

Gamesa and Areva SA:Signs binding agreements for creation of joint venture in promising offshore wind energy industry, culminating the exclusive talks initiated last January.Says new company will be ideally positioned to become a player in the offshore wind segment with a 2.8 GW pipeline and objective of garnering market share close to 20 pct in Europe by 2020.Says closing of transaction is expected to be secured by fourth quarter of this year.Says 50/50 joint venture will combine both groups offshore business, technological and manufacturing expertise and extensive track records in the wind industry. 

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