in News Departments > New & Noteworthy
print the content item

AREVA has acquired a 51% stake in Multibrid, a Germany-based designer and manufacturer of offshore wind turbines. With this acquisition, AREVA has entered into a joint venture with Prokon Nord, a German offshore wind turbine and biomass plant developer and current owner of Multibrid. This transaction values Multibrid at 150 million euros.

The company plans to develop Multibrid's current activities by giving the company access to its industrial resources, financial base and international commercial network. In return, Multibrid will provide AREVA with its 5 MW wind turbine technology.

AREVA says it plans to increase its presence in the offshore wind market with this acquisition. The transaction is subject to the approval of the German federal antitrust office.

Mortenson Construction_id2024

Trachte Inc._id1770
Latest Top Stories

Canadian Wind Industry Urges For More Federal Support

The Canadian Wind Energy Association says the country's federal government, once a big industry supporter, should again back wind power.


Wind And Solar Helped California Grid During Challenging Summer

According to the California Independent System Operator, the state suffered from heat waves and drought this year, and wind power played a "significant role" in keeping the lights on.


Recapping The Wind Industry's Third-Quarter Deals

Mercom Capital Group recaps investment and merger and acquisition activity during July, August and September.


Yearly Installed Capacity Figures Already Beat 2013 Numbers, More Wind On The Way: AWEA

While the American Wind Energy Association (AWEA) lobbies Congress to extend the production tax credit, the association notes wind projects now under construction signal a vibrant 2015.


Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.

Renewable NRG_id1934
BG 2015DblBox_id2032
Hybrid Energy Innovations 2015
Canwea_id1984