French government wants Areva to take Alstom wind unit

Alstom wind turbine

A report by the Les Echos newspaper says the French government is in favour of Areva purchasing Alstom’s wind energy division if a deal with GE to purchase the power equipment manufacturer goes through.

Arevaà‚ (Euronext:à‚ CEI) andà‚ Alstom (Euronext:à‚ ALO) both produce offshore wind turbines and are part of different consortia to build 3000 MW of wind power off the French coast in the coming years, although their technologies are different.
Alstom wind turbine
General Electric made a $16.9 billion offer for Alstom’s energy division last week. The US firm’s CEO has said in a letter to French President Francois Hollande that he would be willing to sell Alstom’s wind turbine activities to French investors if GE winds the bid.

“It would make sense to have one sole French actor in this industry,” Les Echos quoted a government source as saying.

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