Renewables: AREVA to supply Germany with offshore wind turbines worth 500 million euros
FINANCE / RENEWABLE ENERGY
January 23, 2008
AREVA, through its subsidiary Multibrid, is to supply PROKON Nord with eighty 5 MW wind turbines for the offshore wind farm Borkum West II. The expected sales will exceed 500 million euros.
The wind farm is located 45 km north of the Borkum Island in the North Sea. Multibrid will deliver its M5000 wind turbines during 2010 and 2011.
This announcement comes in the wake of the decision made by Trianel, an association comprising German urban electric utilities, to join forces with PROKON Nord in the Borkum West II project and to invest around one billion euros in the 400 MW wind farm.
Ingo de Buhr, PROKON Nord's founder and majority shareholder, said: “Trianel's decision to invest in the Borkum-West II project confirms the technological edge of the offshore wind turbines designed and manufactured by Multibrid”.
AREVA acquired a 51% stake in Multibrid in October 2007 for 75 million euros.