REpower Systems AG: AREVA and Suzlon Further Wind Energy

Hamburg, Germany [RenewableEnergyAccess.com] The French AREVA Group announced May 24 that it does not intend to take any further steps in the takeover battle for REpower Systems AG. AREVA will retain its stake in REpower for the time being and continue to support the company. In addition, AREVA will become Suzlon’s preferred provider for current distribution and transmission. In the past, REpower had already made it clear that both providers are suitable strategic partners for an accelerated growth in the internationally heavy growing wind energy industry. As a result of this agreement between AREVA and Suzlon, REpower could now benefit from cooperation with both bidders.

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