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Article: Norwegian AF Group to enter wind turbine market.
- Article from:
- ADP News Nordic
- Article date:
- September 8, 2009
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(ADPnews) - Sep 8, 2009 - Norwegian construction group AF Gruppen ASA (OSL:AFG) said Tuesday it will co-establish a company that will develop foundations for offshore wind turbines.
The group will team with Norwegian scientist Olav Olsen and energy company Lyse Energi AS on the initiative.
The new entity will be named ViciVentus (meaning "I conquered the wind" in Latin) and it will deliver pre-assembled wind turbines offshore.
The company will utilise Olsen's expertise in construction and engineering, the AF Group's strengths in contracting and project management, and Lyse's experience in ...