General Electric is in talks with the French state and several companies about acquiring Areva-Gamesa's offshore wind joint venture Adwen, GE chief Jeff Immelt told the French newspaper 'Le Figaro'. "Being bigger would be useful for us.
Talks are underway with different parties: Siemens, Areva, Gamesa, us and the French state," he said. GE is a small player in offshore wind in Europe and buying Adwen would make it a third biggest group in that market after Siemens and MHI Vestas. At the end of 2015, Siemens had 63.5 per cent of Europe's installed offshore wind capacity, followed by MHI Vestas with 18.5 per cent. Adwen accounted for just 5.7 per cent of installed capacity.
