GE is interested in Adwen

Monday, 9 May, 2016 - 13:45
GE is apparently interested in Adwen. How does Siemens fit into the picture? (Photo: dpa picture alliance)
GE is apparently interested in Adwen. How does Siemens fit into the picture? (Photo: dpa picture alliance)

What is going to happen to Adwen? The offshore specialist company is getting in the way of Siemens' and Gamesa's merger plans. GE has now expressed interest in the joint venture between Gamesa and Areva.

It's complicated: Siemens wants to merge its wind power division with its Spanish competitor Gamesa. This would turn the group into the world's largest manufacturer of wind turbines. According to press reports, Siemens is not interested in Adwen, the joint venture between Gamesa and the French company Areva. This is probably because Adwen is specialised in offshore installations, and this is an area where Siemens already dominates the market.

As Handelsblatt now reports, the competitor GE has expressed interest in Adwen. "Our goal is to become one of the big three in offshore wind power", the paper quoted the head of GE Renewable Energy Jerome Pecresse. GE could imagine acquiring Adwen but has not had any discussions on this subject yet.

Last year, GE acquired Alstom's energy division, which Siemens had also shown interest in. It was transformed into the renewables division, which has its headquarters in Paris. According to Handelsblatt, GE has a global market share of more than 20% in the onshore wind turbine sector. However, the US corporation supplies almost no equipment to wind farms off the coast.


Similar Entries

Offshore Wind Power Market to Exhibit Growth at an Augmented Pace, Growing Demand for Electricity in Industrial Sectors Pushes Growth:  Fortune Business Insights

Renewable energy is gaining traction across the world, which is expected to encourage growth in the global Offshore Wind Power Market. This information was shared by Fortune Business Insights in a report, titled “Offshore Wind Power Market Size, Share and Global Trend by Installation, Capacity, Application and Geography Forecast till 2025.”

Turbine #31 installed in the North Sea as the company’s second German project nears completion

All 31 monopile foundation turbines are installed at our offshorewind farm Deutsche Bucht. The remaining 2 turbines will be erected on Mono Bucket foundations. Last month, the first turbine began delivering power to the German grid. Commissioning of the 8.4 MW turbines is ongoing.

Husum Wind 2019: New concept for the fair

Following WindEnergy Hamburg, the industry is now looking expectantly towards Husum, where Husum Wind, the leading national wind trade fair will be held from 10 to 13 September 2019.

(Source: ResearchMoz Global Pvt. Ltd.)

The environmental regulatory pressure for reducing the emission of harmful substances from fossil fuel based energy resources is further expected to push the stake holders, either government or private entities, to opt for offshore wind energy sources, in their respective regions.