Areva Acquires PN Rotor

Areva has signed an agreement to acquire PN Rotor GmbH, a German manufacturer of rotor blades for offshore wind turbines from Prokon Nord Energiesysteme GmbH.

“This acquisition reinforces AREVA’s ability to bring value to its offshore wind customers by securing the supply of a broader range of key components. The group is on track to become a major player in this rapidly growing sector,” said Anil Srivastava, CEO of the AREVA’s Renewables business unit.

Areva’s wind power business is growing. The company recently signed a binding Memorandum of Understanding worth more than €700M to supply 80 M5000 offshore wind turbines for the 400-megawatt German Global Tech I wind farm in the North Sea.

The company said this acquisition is part of its strategy to capitalize on the the worldwide offshore wind market, which is expanding rapidly, particularly in Europe where projects in the pipeline are estimated at 37 gigawatts.

Previous articleWhere’s solar PV supply going? Nowhere, until 2012
Next articleJapan firm shifts from housing fasteners to PV modules

No posts to display