Areva's renewable energy revenues fall 26.6%

FRANCE: Areva has announced a 26.6% fall in revenue, from EUR398 to 292 million, for its renewable energy division in the first nine months of 2013.

Areva's 5MW Multibrid 5000 (M5000)

The fall was reflected in the performance of the 400MW Global Tech I and 400 MW Borkum West II (two phases of 200MW each) projects in Germany, which are now under installation.

In July the GDF Suez – EDP Renewables consortium selected Areva as its exclusive supplier of wind turbines for the second round of France's tender for offshore wind.

Areva’s consolidated revenue was EUR6.847 billion  an increase of 4.7% (7.6% increase in like for like) compared with the same period in 2012.

Luc Oursel, Areva's CEO, said: "After a remarkable first half, as anticipated our third quarter revenue was stable in the nuclear operations compared with the third quarter of 2012.

"In the renewable energy, revenue is below our action 2016 plan outlook, mainly due to the current indecisiveness in the renewable markets."

On 1 October Areva replaced the CEO of its wind division, Jean Huby, after two years in the role, with Arnaud Bellanger.