Gamesa accelerates its offshore wind power development by creating a European champion with Areva

Today Gamesa and Areva announced the entry into exclusive negotiations to create a 50/50 joint-venture company in the field of offshore wind power.

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, and in Asia.

By joining forces, Gamesa and Areva will enable the JV to become one of the leading players in the global offshore wind market, contributing to the development of this growing sector through:

• expertise, innovation and investments in R&D to develop competitive and reliable technologies of the future;