Engineering and energy giants Gamesa and Areva have joined forces to launch a new offshore wind company.
Called Adwen, the joint venture will be responsible for the design, manufacturing, installation, commissioning and services of offshore wind turbines.
The new company aims to start supplying an 8MW turbine in 2018 – expected to be a “market frontrunner” – and two 5MW turbines, all of which will be manufactured at its existing plants in Germany.
The two firms plan on combining their wind expertise to grab around 20% of the European market by the end of the decade.
Their existing activities provide the new venture a 2.8GW project pipeline and offices in the UK, France, Spain and Germany.
“The offshore market represents one of the most promising areas for the development of renewable energies over the next decade, particularly in the coastal countries of northern Europe, where the installed base should reach over 25GW by 2020,” the companies said in a joint statement.