French energy and nuclear engineering firm Areva SA (AREVA.FR) and Spain's Gamesa Corporacion Tecnologica SA (GAM.MC) are to announce Monday the creation of a joint venture specialized in offshore wind power, French business daily Le Figaro reports, without citing sources.
French energy and nuclear engineering firm Areva SA (AREVA.FR) and
Spain
's
Gamesa Corporacion Tecnologica SA (GAM.MC) are to announce Monday the creation
of a joint venture specialized in offshore wind power, French business daily Le
Figaro reports, without citing sources.
No one at Areva or Gamesa was immediately available to comment.
The two groups seek to split costs in wind turbine making activities, which is
capital-intensive, at a time when the alternative power source is getting a big
boost around
Europe
, thanks to lofty governmental
subsidies across the region and notably the
North Sea
.
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