Gamesa and Areva create offshore wind power joint-venture Adwen

Paris / Bremerhaven, Germany / Zamudio, Spain - Gamesa and Areva have signed the final agreements, closing the transaction and creating Adwen, a joint venture dedicated to offshore wind, having 700 employees, 50-50 owned by the two companies and registered in Zamudio, Spain.

The joint-venture is responsible for the design, manufacturing, installation, commissioning and services of offshore wind turbines. Combining both Gamesa and Areva wind expertise and extensive track-record, Adwen is ideally positioned to become a leading player in the offshore wind segment, with a 2.8 GW project pipeline and the objective of garnering a market share of close to 20% in Europe by 2020.

The offshore market represents one of the most promising areas for the development of renewable energies over the next decade, particularly in the coastal countries of northern Europe, where the installed base should reach over 25 GW by 2020. Besides, the experience accumulated by both partners in Asia will enable the company to benefit from the huge offshore wind potential of this region, which could reach 17 GW of installed capacity by 2020.

Adwen is chaired by Louis-Fran

Source: IWR Online, 11 Mar 2015