Alstom open to wind-energy acquisitions -CEO

March 20, 2012 by  
Filed under Green Energy News

Mon Mar 19, 2012 1:56pm EDT

* CEO says open to wind power acquisitions

* Says organic growth is main priority

CARNET, France, March 19 (Reuters) – French engineering
group Alstom is open to acquisitions in the
wind-energy sector, its chief executive said on Monday, though
he added the priority was for organic growth.

“Our strategy [for wind power] is based on organic
development, on the work of our engineers, said Patrick Kron.

He was speaking at an event to inaugurate what Alstom said
was the largest offshore wind turbine in the world at Carnet, on
the west coast of France.

“If one day there is an opportunity to develop, we will see,
but let’s not speculate,” he said.

Last week Kron told investors he would not undertake risky
deals after speculation that Alstom was seeking targets to
expand its wind power business, following press reports it was
looking at wind turbine makers Gamesa of Spain, Vestas
of Denmark and REpower of Germany.

Alstom, along with French utility EDF’s EDF.PA unit EDF
Energies Nouvelles, is part of one of three consortia bidding to
build France’s first offshore wind parks, which are massive
projects with as many as 600 turbines and three gigawatts of
capacity in a 10 billion euro first phase off the Normandy and
Brittany coasts.

“Today we have a clear objective: win this tender offer and
then bid for future offers,” Kron said.

Wind turbines are a new business for Alstom, which produces
TGV and Eurostar trains, builds turbines for power stations and
has built the Queen Mary 2, the world’s largest ocean liner.

The company on Monday inaugurated the first prototype of its
Haliade offshore wind turbine, whose diameter of 153 metres -
roughly half the height of the Eiffel tower – will make it the
world’s largest once it is launched in 2014.

If the consortium’s bid is successful, Alstom has pledged to
establish up to four plants to produce wind turbine components
in north-western France through an investment of 100 million
euros ($132.42 million).

The company is also eyeing expansion into the
fast-developing European offshore wind market, Frederic
Hendrick, Alstom’s vice president of offshore wind operations,
told reporters in Carnet.

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