Suzlon’s offer price values REpower at 1.22 billion Euros. Areva’s bid values the German company at 1.15 billion. Areva already owns 30% of REpower and wants to buy at least 51%.

REpower said that it regarded both Suzlon and Areva as ‘appropriate strategic partners for the accelerated growth in the international wind energy industry’. But since Suzlon's bid was higher, it is supporting Suzlon’s takeover offer. REpower has been given until 4 May to decide on the rival bids.

REpower has a first mover advantage in being the only turbine manufacturer that is beyond the prototype stage with its 5 MW offshore turbine. The German company has four test installations in place. All this, together with REpower’s presence in the European market, spurred Suzlon to go all out in pursuit of the German wind power company.

REpower's 5 Megawatt windturbine - Photo: REPower