Offshore wind JV Adwen draws GE's interest

US conglomerate General Electric Co (NYSE:GE) is interested in the future of Adwen, the offshore wind joint venture of Spain’s Gamesa (BME:GAM) and France’s Areva (EPA:AREVA).

As previously reported, Siemens (ETR:SIE) is holding talks to buy Gamesa in order to create a new leader in the onshore wind sector. Reports say the deal has so far been delayed because of the Adwen JV, as it is not yet clear what will happen with it.

A GE official told journalists in Paris, as cited by the Agence France-Presse (AFP), that the US company is following the progress of Adwen discussions. Jerome Pecresse, who leads GE Renewable Energy, said his company has the ambition to become one of the top three in offshore wind.

GE acquired the global renewable energy business of France-based Alstom (EPA:ALO), including its 6-MW Haliade offshore wind turbine. Adwen, on the other hand, is working on an 8-MW platform. Each company has won contracts to install 1.5 GW in French waters.

In Europe, Siemens was the leading offshore wind turbine supplier in terms of net installations in 2015, with a share of about 60%. Adwen accounted for 18.2%, show figures by the European Wind Energy Association, which is now known as WindEurope.

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