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Onshore News: Owners abandon Seabed Power due to EU anti-trust concerns

Posted on 16.12.2009 - 09:00 EST in GENERAL NEWS by Rons_ROV_Links

Owners abandon Seabed Power due to EU anti-trust concernsGlobal Marine Systems and Visser & Smit have jettisoned their plans to jointly establish Seabed Power, a firm dedicated to offshore renewables, due to impending changes to EU anti-competition laws.

Global Marine says that EU authorities are growing more concerned about the prospect of overly dominant companies in the rapidly developing offshore wind sector.

Read the complete article in RECHARGE.

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