AAER Inc. has announced that it has completed the creation of AAER SAS, a joint venture with Valorem SAS, a French developer and energy producer, for the distribution of AAER's 2MW wind turbine in France.
The newly created entity will have its place of business near Bordeaux, France. AAER SAS, 67% owned by AAER and 33% by Valorem, will be responsible for distributing the A-2000 model in France. AAER SAS plans to eventually establish assembly or manufacturing activities in France when yearly sales of the A-2000 reach a level sufficient to support the related capital expenditures.
