The MoU is also expected to enable Gamesa to develop manufacturing facilities to produce Bard offshore wind turbines under licensing contracts. Gamesa and Bard have agreed on a negotiating period until the end of March to structure the collaboration.

Jorge Calvet, chairman of Gamesa, said: “Working together, Gamesa and Bard will become leading players in the world’s offshore wind power market, by combining Bard’s technology and leading position in the German market with Gamesa’s industrial, financial and marketing muscle in the three markets that have most potential in the future, namely Europe, the US and Asia.”

Heiko Ross, managing director of Bard in Emden, said: “Bard welcomes the strong interest from Gamesa and believes that the envisaged collaboration provides great opportunities for the future growth of both parties.”

Bard specialises in offshore wind power technology and adopts an end-to-end approach, from turbine design through manufacturing, logistics, and wind farm construction, operation and maintenance. The company owns a wind offshore portfolio of 5,000MW in different stages of development in Germany and the Netherlands.

Gamesa specializes in energy technologies, mainly wind power. It has production centers located in Europe, Asia and North America.