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.


Helukabel_id1908
Latest Top Stories

Kansas Renewables Mandate Survives Yet Another Attack, But Is It Too Early To Celebrate?

Over the past three years, some legislators have tried to either weaken or repeal the state's renewable portfolio standard, which requires Kansas utilities to reach 20% renewables by 2020.


AWEA Highlights U.S. Wind Success Stories Of 2013

Despite a 92% drop in new capacity last year, the sector still has myriad reasons to celebrate, according to a new report from the American Wind Energy Association.


Feds List New Bird Species As Threatened - Should Wind Developers Be Worried?

The U.S. Fish and Wildlife Service is designating the lesser prairie-chicken as threatened under the Endangered Species Act. An expert explains how this might affect the wind industry.


Senate Committee Passes Bill With Two-Year PTC Extension

The Senate Finance Committee has voted on a tax extenders package, which includes both the production tax credit (PTC) and investment tax credit, and sent it to the floor.


Five Common Gearbox Failures And How To Identify Them

Wind turbine gearbox failures are a major source of unplanned maintenance costs. An expert explains the most frequent failure modes and offers prevention tips.

Acciona_id1907
JLG_id1900
WomenofWind_id
UEA_id1896
AWEA_id1886
bonfiglioli_id1913