Gamesa and Areva announced the entry into exclusive negotiations to create a 50/50 joint-venture company in the field of offshore wind power.
GAMESA and AREVA will pool personnel and offshore wind related technologies and assets to the JV. For Areva, the German Bremerhaven (turbine assembly) and Stade (blade manufacturing) plants, as well as offshore wind technology and commercial contracts. For Gamesa, existing multi-megawatt technologies applicable to offshore, the 5MW platform and Arinaga turbine prototype, as well as offshore related engineering, operation and maintenance capabilities. Additionally, the JV will enter into a preferred supplier agreement with Gamesa for some key components. The JV will continue to market Areva’s M5000 turbine. Moreover, an enhanced 5MW generation turbine will be developed in the short-term.Further the development of a 8MW platform will be accelerated. 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. 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.
