Originally published on Future Trends. Welcome to another issue of our new India x Cleantech series! On a monthly basis, we are pulling news from across clean technology sectors in India into a single, concise summary article about the country. Cleantech Investments First Solar Plans $684 Million Module Fab In … [continued]
A transaction related to the sale of wind turbine manufacturer Senvion’s India business has been completed. According to media reports, the Saudi Arabia-based manufacturer of power equipment Alfanar has completed the acquisition of Senvion’s India business. Alfanar completed the transaction through Global Renewable Energy Development Holding Company Limited, which had … [continued]
Months after German wind turbine maker Senvion announced the sale of some assets to competitor Siemens Gamesa, it has found a strategic investor for one of its subsidiaries as well.
Senvion recently reported that it entered an agreement with Siemens Gamesa to discuss the sale of some assets. The agreement is part of insolvency plans agreed upon by Senvion with its creditors. The company is reportedly looking to sell some wind energy projects to Siemens Gamesa, which would be an attractive venture for the latter.
German wind turbine manufacturer Senvion is once again on the acquisition radar with fresh buyers weeks after the company filed for bankruptcy.
Exemplifying the struggles project developers face in a competitive and developing market like India, Suzlon Energy, one of the largest integrated wind energy solutions providers, has sold its solar assets.
The Indian spree of wind energy auctions seen over the last two years has resulted in an upsurge in orders for some of the leading wind turbine manufacturers. This recent jump in orders comes as developers look to meet the deadlines to commission their respective projects.
German wind turbine manufacturer Senvion has capped off a big August of announcements with a wind turbine supply and commissioning agreement worth 275 megawatts (MW) for the TG East Wind Project in Texas.
Europe-based wind turbine manufacturer Senvion has secured it first major order in India under the country’s budding reverse-auction program.
Danish wind turbine manufacturer Vestas managed to hold on to its spot as the world’s leading wind turbine manufacturer in 2017, but its recent dominance may not last forever as Siemens Gamesa is narrowing the gap after its successful merger was completed early last year.
