Areva, Gamesa Get EU’s Blessing for Offshore Wind Joint Venture

The European Commission has approved under the EU Merger Regulation the creation of a joint venture by the Areva group of France and the Gamesa group of Spain.

Areva and Gamesa will each contribute their activities in offshore wind turbine production to the joint venture. Both groups produce and market power generation solutions. While Areva focuses on nuclear power and renewable energies, Gamesa focuses on renewable energies, in particular wind energy.

The Commission concluded that the proposed acquisition would not raise competition concerns, because the overlaps and relationships between the activities of Areva and Gamesa are limited. The transaction was examined under the simplified merger review procedure.

[mappress mapid=”14276″]

Press release, October 01, 2014; Image: Areva
Related news

List of related news articles