In Short : A TPG-led consortium, including Mavco Investments and former JSW Energy CEO Prashant Jain, has sought Competition Commission of India approval to acquire Siemens Gamesa’s onshore wind business in India and Sri Lanka. The deal covers manufacturing, assembly, operation, and maintenance of wind turbines, with Siemens Gamesa retaining a 10% stake in the […]
Siemens Gamesa’s India wind biz up for sale at $1 billion valuation – EQ
In Short – Siemens Gamesa is putting its India wind business up for sale, valuing the unit at around $1 billion. This move aligns with the company’s strategy to refocus on core markets. The India division, a key player in the renewable energy sector, has garnered interest from several potential buyers, highlighting the increasing appeal […]
Siemens Gamesa’s CEO Resigns After Run of Profit Warnings – EQ Mag Pro
Siemens Gamesa Renewable Energy replaced its chief executive officer after project delays and cost overruns led to profit warnings at the wind-turbine subsidiary of Siemens Energy AG. Jochen Eickholt, a Siemens Energy executive board member, will succeed Andreas Nauen as CEO on March 1. Eickholt, 60, has a track record of restructuring struggling businesses and […]
