in News Departments > New & Noteworthy
print the content item

India-based wind turbine manufacturer Suzlon Energy Ltd. and French nuclear power developer Areva Group SA have signed a binding agreement governing a framework for the companies' shareholding in REpower. The agreement brings to an end a bidding contest between Suzlon and Areva for REpower that began in late January.

"Given our arrangement with Areva, we now directly and through voting pool agreements already control over 60 percent of REpower's capital," says Tulsi Tanti, chair and managing director of Suzlon, "and over the next week, we will also know how many shareholders have finally tendered into our offer."

Tanti adds that Areva likely will "continue to support the wind industry and growth of REpower," and the companies will expand their relationship in the areas of transmission and distribution.


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.

BG 2015DblBox_id2032
Canwea_id1984
Renewable NRG_id1934
Hybrid Energy Innovations 2015