European nuclear leader AREVA is expanding its strategic positioning on the CO2-free energy market with a 51% stake in Multibrid, a designer and manufacturer of multi-megawatt off-shore wind turbines based in Germany. The transaction values Multibrid at Euro 150 million.
AREVA plans to rapidly expand Multibrid’s activities by giving the company access to its industrial resources, financial base and international commercial network. In return, Multibrid will provide AREVA with its leading-edge technology which, developed for 5 MW turbines, can achieve a very high output while reducing operating costs thanks to a simplified maintenance system.
With this stake in Multibrid, AREVA aims to increase its presence on the offshore wind market. Multibrid will participate in projects such as Borkum West (30 MW), the first offshore project in Germany, Borkum West 2 (400MW), and Cote d’Albatre (105 MW), the first offshore wind farm project in France.
In wind energy, Areva also recently acquired REpower, one of the world’s leading turbine manufacturers. Areva is also involved in bioenergy, constructing 10 turnkey biomass power plants in India, Thailand and Brazil. Its Helion subsidiary manufactures hydrogen and fuel cell power systems.
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