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

Quebec Government Postpones Wind Power RFP; No New Date Scheduled

The request for proposals (RFP) is part of an overall 800 MW wind power tranche that will serve as a bridge to the next phase in the province's energy future.


Setting The Record Straight: How Many Birds Do Wind Turbines Really Kill?

Several peer-reviewed studies are more or less in agreement with avian mortality rates caused by wind turbines. However, one study, which is wildly off from the others, is most often cited in the media. Why?


Six Takeaways From The IRS' Start Of Construction Guidance: What You Need To Know

The IRS recently issued guidance to wind developers to further spell out what "start of construction" means. Will you be covered?


Eagle Take Permits For Wind Farms - Will They Fly?

Now that the U.S. Fish and Wildlife Service has issued the first permit allowing the legal take of eagles, can wind developers expect more certainty in the agency's application process?


Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price

In a new report, the U.S. Department of Energy details the highs and lows of the country's wind industry last year, and the agency maintains that the U.S. sector remains strong.

Canwea_id1984
Renewable NRG_id1934
UnitedEquip_id1995
Tower Conference_id1965