Gamesa’s Board of Directors has resolved to end the company’s negotiations with Germany’s Bard and to roll out Gamesa’s strategy for the offshore wind market in the short and medium term using in-house resources.
Gamesa and Bard began talks at the end of February with the goal of combining potential synergies from the activities of both companies. However, during the course of negotiations and detailed study of the potential transaction both parties have found a significant discrepancy in the terms of the deal. The board’s decision does not affect the offshore strategy Gamesa designed in October 2009. Using its multi-megawatt turbine technology (which has already been tailored for the G10X-4.5MW system) and addressing its customers’ needs, Gamesa is currently at work to develop two families of offshore wind turbines. Pre-series of these turbines, which will each have capacity of either 5MW or 6/7MW, are slated for launch in 2013 and 2015 respectively.
Gamesa and Bard began talks at the end of February with the goal of combining potential synergies from the activities of both companies. However, during the course of negotiations and detailed study of the potential transaction both parties have found a significant discrepancy in the terms of the deal. The board’s decision does not affect the offshore strategy Gamesa designed in October 2009. Using its multi-megawatt turbine technology (which has already been tailored for the G10X-4.5MW system) and addressing its customers’ needs, Gamesa is currently at work to develop two families of offshore wind turbines. Pre-series of these turbines, which will each have capacity of either 5MW or 6/7MW, are slated for launch in 2013 and 2015 respectively.
