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

The first monopile for the Baltic Eagle offshore wind project is finished (pict. EEW SPC)

On 18 February 2022, the first monopile for the Baltic Eagle offshore wind farm was completed. The pile weighs 1,363 tonnes with a diameter of 9 metres. Baltic Eagle is already the second wind farm project of the Spanish energy company Iberdrola in the German Baltic Sea.

The HLC successfully passed all tests (pict. Liebherr)

The HLC (Heavy Lift Crane) 295000 is on board the “Orion”, the next generation offshore installation vessel by DEME. Being the largest crane Liebherr has ever built, it has a maximum lifting capacity of 5,000 Tonnes. Its working field will be the offshore industry, in which it will help installing wind farms and decommissioning “old” energy platforms.

First transformer has been delivered to convertor station for Dogger Bank Wind Farm. Image source Dogger Bank Wind Farm (pict. SSE Renewables)

The first of a number of transformers that will enable the transmission of renewable energy from the world’s largest offshore wind farm has been delivered. The transformers will play an integral role in the operation of three onshore convertor stations in East Riding of Yorkshire and on Teesside, that will eventually convert the current from the wind farm for transmission via the national grid network to 6 million UK homes.

Aberdeen Bay windfarm (pict. Richard Crighton)

Scottish Enterprise has appointed global energy consultancy Xodus Group to the role of Offshore Wind Cluster Builder to develop and grow the offshore wind supply chain across Scotland.