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

Wind Energy Dominates New U.S. Power In October

Data from the Federal Energy Regulatory Commission shows that wind power accounted for over two-thirds of the country's new electricity generating capacity in last month.


Are Fitch Ratings' Claims About Wind Farm Underperformance Unfounded?

A recent report from Fitch Ratings suggests that wind farms underperform due to an overestimation of wind resources, but AWS Truepower says the analysis misses the mark.


SunEdison Buying First Wind In $2.4 Billion Deal

Global solar company SunEdison and its yeildco have announced an agreement to buy the Boston-based developer, a major player in the U.S. wind industry.


U.S., China Reach Ambitious Climate Change Accord

The agreement between the global superpowers leans heavily on the deployment of renewable energy, such as wind and solar.


What The Midterm Elections Mean For The U.S. Wind Industry

Both chambers of Congress are now under Republican control for the first time since 2006. How will wind energy fare?

Renewable NRG_id1934
Hybrid Energy Innovations 2015