General Electric filled out its offshore wind turbine portfolio by buying ScanWind, which makes direct-drive turbine components.
GE on Monday said that it has completed the acquisition, which was valued at a about $18.5 million. ScanWind, which is headquartered in Trondheim, Norway and has a design center in Karlstad, Sweden, is now testing 11 turbines off the Norwegian coast.
ScanWind makes a drive train that eliminates the need for a gear box in a wind turbine. Direct drive turbines typically add cost to turbines but they are gaining use in small turbines and other places where low maintenance is … Read more