Tag: General Electric

Fiona Harvey

It has been a busy week for wind energy.

First came the good news – a massive investment in offshore wind in the UK. Although the UK leads the world in offshore wind generation, that is mainly because so little of it has been built anywhere. But a vote of confidence in the UK’s prospects came from three wind turbine manufacturers who announced on Monday they would set up shop on the UK’s north-east and eastern coasts.

General Electric, Siemens and Gamesa are arriving, with more than £300m in investment promised and the creation of an estimated 3,000 jobs. (That is direct jobs – more will follow along the supply chain.)

At last — some de-equitisation.

From RNS on Tuesday:

The Board of Wellstream has noted the movement in its share price and confirms that it has received a number of preliminary approaches regarding a possible offer for the Company.

There can be no certainty that an acceptable offer will ultimately be made. A further announcement will be made in due course.

So who might these suitors be?

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