Siemens Gamesa has agreed to integrate Adwen within the group’s broader offshore operations, which will allow it to better serve its customers and maximise business opportunities, Siemens Gamesa informed in its Q3 report, released on 26 July.
The decision is part of the company’s integration programme, which was accelerated during the third quarter. All integration efforts are on track, according to the recently set-up wind turbine giant. The company is re-organising departments, taking first steps about product portfolio, supply chain and manufacturing footprint.
The announced synergies of EUR 230 million are now the ‘minimum’ and the company expects to realise these synergies in year 3, one year earlier than previously announced.
Markus Tacke, CEO of Siemens Gamesa, said: “We are highly satisfied with the progress to date in integrating the two companies. Things are progressing at a rapid rate: our company is ready to compete and lead in a growing and challenging market.”
Siemens Gamesa will announce its new Strategic Plan on 15 November at a Capital Markets Day. At that time, the company will provide the product portfolio, the financial targets for fiscal years 2018-2020 as well as a global sales plan and a model for the future supply chain footprint.
The merger between Gamesa and Siemens Wind Power has become effective as of 3 April, after the registration of the combined company in the Mercantile Registry of Biscay, in Spain. The antitrust approval from the European Commission was received in mid-March.
Adwen was set up by Areva and Gamesa as a joint venture dedicated to manufacturing offshore wind turbines, and has been taken over by Gamesa as part of a deal in its merger process with Siemens.
The offshore turbine manufacturer, now part of Siemens Gamesa, has recently installed the prototype of its AD 8-180 wind turbine generator in Bremerhaven, Germany, where it will undergo a series of field tests developed by Adwen and Fraunhofer IWES to expedite the certification process and the entry into the commercial market.
The AD 8-180 turbine has so far been selected for three projects off the coasts of France, totalling 1.5GW.
Offshore WIND Staff