HomeWorld RegionsEuropeBilfinger offloads offshore wind division

Bilfinger offloads offshore wind division

Dutch marine engineering giant Van Oord has acquired Bilfinger‘s offshore wind business in a strategic move aimed at improving its position in the German market.

Van Oord is awaiting the formality of clearance by the German competition authority before the deal is finalised.
Van Oord win power installation
The company also announced plans to modify its installation vessel Aeolus, boosting its lifting capacity so it can install the larger foundations and heavier wind turbines needed in the next generation of wind power projects.

The firm is currently completing the construction of the Dutch Gemini offshore wind farm, and next year will start work on the foundations for E.ON’s Arkona offshore wind farm off the coast of Germany.

In related news, Spanish utility Endesa this week took full control of Enel Green Power Espaàƒ±a (EGPC), in a deal reportedly worth €1.2bn.