Germany OKs Suzlon offer for Repower

5 March 2007 - Wind turbine maker Suzlon Energy has said that German financial watchdog BaFin has approved its $1.3 bn offer to buy REpower Systems.

Suzlon, the world's fifth-largest wind turbine maker, last month teamed up with Portugal's largest builder, Mota Engil, to launch a bid for the German wind power manufacturer, outbidding France's Areva.

Suzlon's tender offer for REpower valued the German firm at €1.02 bn, or €126 per share, which was about 20 per cent higher than the offer by France's Areva last month. Areva holds 29.4 percent of REpower.

The purchase will be partly financed by raising long-term and short-term debt arranged by a consortium of banks led by ABN AMRO, Suzlon said at the time of bidding. REpower shareholders can tender their shares from Friday, Suzlon said.

Sponsored by FLSmidth

Related Articles

 Capital Power has gas and wind projects due for operation this year

Capital Power has gas and wind projects due for operation this year

The in-construction gas-fired Shepard Energy Centre and the K2 Wind project are both expected to commence commercial operations in 2015 and to have a positive impact on earnings and funds from operations, said Capital Power Corp. (TSX:CPX) in a Feb. 23 earnings statement.

 Illinois lawmakers push renewable energy proposal

Illinois lawmakers push renewable energy proposal

Lawmakers want to increase the share of clean energy consumed in Illinois with a bill they say will bring jobs to the state.

Follow Power Engineering on Twitter
Latest News

MHPS to supply M501J gas, steam turbines to new combined-cycle power plant in Korea

Mitsubishi Hitachi Power Systems (MHPS), jointly with Marubeni Corp., has received an order f...

Business leaders throw support behind coal plant proposal

Business leaders on Thursday outlined the economic devastation they say could come if New Mex...

TVA seeks public comment for future coal ash storage at Bull Run

The Tennessee Valley Authority (TVA) is asking for public input on plans to expand dry onsite...

California Public Utilities Commission Approves NRG Energy’s Carlsbad Energy Center

California Public Utilities Commission (CPUC) has approved the SDG&E Power Purchase and T...

Vermont joins international effort to fight climate change

Gov. Peter Shumlin says Vermont has signed on to what he called a first-of-its-kind agreement...

Products May 2015

Callaway Energy Center's Replacement Reactor Vessel Closure Head Project

Replacing heavy equipment is one way utilities can extend the life and increase the reliabili...

Managing CCRs and Process Water: Why Handling Bottom Ash Wet May Remain The Best Option

The U.S. coal-fired electric generation industry once again finds itself in the crosshairs of...

Power Engineering Current Issue

02/01/2015
Volume 119, Issue 2
1502PE-cover
Products Showcase
Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015

Buyers Guide Categories

Buyers Guide Company Listings

Power Industry Wire News

MIC President Marybeth Miceli Named to AATA Board of Directors; AATA to Provide Free NDT Job Training to Vets, Disadvantaged Young Adults

MIC President Marybeth Miceli Named to AATA Board of Directors; AATA to Provide Free ND...

Alexium Anticipates Potential Addressable Revenue of More Than US$10M for 2015

Alexium Anticipates Potential Addressable Revenue of More Than US$10M for 2015

Upcoming Greenhouse Webinar Teaches Companies How to Engage Engineers in Hiring Top Tech Talent

Upcoming Greenhouse Webinar Teaches Companies How to Engage Engineers in Hiring Top Tec...

Perma-Fix Environmental Services to Present at the Marcum MicroCap Conference

Perma-Fix Environmental Services to Present at the Marcum MicroCap Conference

Blue Earth Receives Notice From NASDAQ That the Company Is No Longer Subject to a Possible Delisting

Blue Earth Receives Notice From NASDAQ That the Company Is No Longer Subject to a Possi...

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>