Siemens becomes a stakeholder in A2SEA

Thursday, 15 July 2010 18:16 Business

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German industrial concern Siemens has acquired a 49% stake in A2SEA, a supplier of installation services for offshore wind farms, reports the Danish Energy Association in its daily newsletter. Leading Danish energy concern DONG Energy remains the majority shareholder in the company, which is based in Fredericia and employs around 200 people. Siemens is a global leader in the rapidly growing offshore wind market. Wolgang Dehen, CEO of Siemens Energy Sector, comments that the stake acquisition will result in the building of optimised installation vessels that can offer higher efficiency, shorter installation times and increased customer value. "Our investment in A2SEA shows our clear dedication to strengthening the future of the offshore wind industry," he comments.

Siemens' investment in A2SEA is subject to approval from the competition authorities. The potential for offshore wind in Europe is estimated at around 100 GW, with only 2% of this potential being utilised today. Great Britain has the greatest offshore wind potential, and its offshore capacity has now overtaken Denmark's. Germany has offshore projects in development, and offshore wind power is also being looked at by France, Belgium, Holland, Italy, Finland and Norway.

Source: Denmark.dk