Wind turbine manufacturer, Senvion, has sold its India business to the Saudi Arabia-based manufacturer of power equipment Alfanar. Alfanar completed the transaction through Global Renewable Energy Development Holding Company Limited, which had acquired Senvion India in December 2020. Senvion has had a roller-coaster relationship with India. Senvion Group was acquiredContinue Reading
Senvion had recently announced the sale of some assets to competitor Siemens Gamesa, it has now found a strategic investor for one of its subsidiaries as well. The Senvion India Private Limited will be sold off to a strategic investor. The investor, however, has not been named. It is alsoContinue Reading
Senvion today announced that it has decided to transform Senvion India into an independent standalone operational business unit. The new arrangement means that Senvion India can operate independently to offer all services to its clients including in-country turbine supply agreements, engineering, manufacturing, local R&D support and service provision. The arrangementContinue Reading
