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Breakbulk July2016

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Page 12 of 31 THE JOURNAL OF COMMERCE 13 new Siemens-Gamesa joint venture tak- ing full ownership, or the joint venture being sold to a third party. GE has been reported to have shown interest in Adwen, but already has secured access to offshore wind technology through its recent take- over of Alstom's grid and power business. The Siemens-Gamesa deal will pro- duce a company with 69 gigawatts of installed capacity, revenue of 9,3 billion euros ($10.5 billion), and an order backlog of about 20 billion euros ($22.6 billion). The new company will have its legal dom ici le, g loba l hea dqu a r t er s a nd onshore headquarters in Spain, and its offshore wind headquarters in Germany and Denmark. l Contact Joseph Bonney at and follow him on Twitter: @JosephBonney. "The new combined venture will indeed surface as a leading global wind turbine manufacturer in terms of annual installation volumes." A specially designed vessel hauled Siemens nacelles and towers from the Danish port of Esbjerg to the British port of Harwich and directly to London Array, a large offshore wind power plant. Photo:

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