in News Departments > FYI
print the content item

The German Federal Financial Supervisory Authority (BaFin) has approved Suzlon's offer to acquire REpower Systems AG, a Germany-based wind turbine manufacturer. Suzlon offered to purchase all of REpower's shares for 1.02 million euros in mid-February. (See "Suzlon Bids For REpower Shares.")

Following BaFin's approval of Suzlon's financial offer, which will be supported by the Martifer Group (Suzlon's partner in the acquisition and a 25.4% shareholder of REpower), Suzlon published its Offer Document. According to the company, with the publication of the Offer Document, the offer period has officially begun and REpower shareholders can tender their shares into the Suzlon offer. The offer period will end April 20, 2007, the company adds.

Suzlon is competing with AREVA Group SA for the acquision of REpower.


Trachte Inc._id1770
Latest Top Stories

Could New Desert Plan Spell The End Of California Wind Energy Development?

The California Wind Energy Association says it is disappointed with the draft Desert Renewable Energy Conservation Plan, which was recently released by state and federal agencies.


New U.S. House Bill Includes Wind PTC Extension

U.S. representatives have introduced the Bridge to a Clean Energy Future Act of 2014, which would extend the production tax credit (PTC) and other provisions through 2016.


Utility-Scale Wind And Solar Keep Getting Cheaper

A new study measures the levelized cost of energy from various technologies and suggests that the costs of utility-scale wind and solar power are catching up with those of traditional sources, even without subsidies.


The Song Remains The Same: Ontario Seeks More Science Before Lifting Offshore Ban

The Ontario government says the nearly four-year-old offshore wind moratorium will remain in place until the province fully understands the technology’s impact on the environment.


Why States Should Adopt A Renewable Portfolio Standard

A new study analyzes the potential benefits of state renewable energy mandates, as well as recommends what such policies should include.

Canwea_id1984
Renewable NRG_id1934
Future Energy_id2008
UnitedEquip_id1995