Gamesa, BARD Sign MOU Regarding Collaboration In Offshore Wind Market

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Gamesa has signed a memorandum of understanding (MOU) with BARD Holding GmbH for joint development and marketing of offshore wind turbines and services. The agreement envisages a significant investment by Gamesa for a minority stake in BARD and the creation of a joint venture to sell turnkey solutions and provide services in the offshore wind power market.

The MOU may also enable Gamesa to develop manufacturing facilities to produce BARD offshore wind turbines under licensing contracts. Gamesa and BARD have agreed on a negotiating period until the end of March to structure the collaboration.

SOURCE: Gamesa

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