Germany's SGL Carbon exits wind power blades joint venture

10 January 2012 17:32  [Source: ICIS news]

LONDON (ICIS)--SGL Carbon has sold its stake in a joint venture that manufactures rotor blades for offshore wind power turbines, the Germany-based producer of carbon fibre and composites said on Tuesday.

SGL Carbon said it sold its 49% stake in Bremerhaven-based PowerBlades to partner REpower for an undisclosed sum.

PowerBlades was founded in 2007, with REpower holding 51% and SGL’s subsidiary SGL Rotec holding 49%.

SGL said the joint venture had been a “good opportunity” for both SGL Rotec and REpower to advance their expertise in the production of offshore wind power blades.

However, Norbert Muller, managing director of SGL Rotec, said “now the time has come” for PowerBlades to further build out its business under the direction of REpower.

REpower is part of India's Suzlon, one of the world’s leading manufacturers of onshore and offshore wind turbines.

SGL Rotec, for its part, will focus on its production site in Lemwerder, Germany, where it makes rotor blades and moulds for wind turbine manufacturers, Muller said. At the same time, Rotec will continue to supply rotor blades to REpower, he added.

For more on SGL Carbon and other producers visit ICIS company intelligence

By: Stefan Baumgarten
+1 713 525 2653

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