Siemens buys into offshore wind

Siemens announced that it will pay approximately DKK 860 million (~$145 million) for a 49 percent stake in A2SEA A/S, Fredericia, Denmark, a firm that specializes in the construction of offshore wind farms. The Danish energy company DONG Energy will continue to be the company's main shareholder.

“Together with Siemens, A2SEA can build optimized vessels for the installation of offshore wind turbines," said Wolfgang Dehen, CEO of the Siemens Energy Sector. "The optimization of ships and processes will result in higher efficiency, shorter installation times and enhanced customer value.”

Siemens has major supply contracts with DONG Energy for offshore wind turbines. Last month the companies signed an agreement for the 400 MW Anholt Offshore Wind Farm off the coast of Denmark.

Story from SustainableBusiness.com

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