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 the sale of its European Onshore Service business and intellectual property to Siemens Gamesa Renewable Energy (SGRE) has been concluded successfully. The European Commission had approved the transaction unconditionally, including the sale of Senvion’s wind turbine blade manufacturing facility located in Vagos (Portugal), on 20 DecemberContinue Reading
Senvion today announced that its exclusive negotiations with Siemens Gamesa Renewable Energy (SGRE) concerning the sale of a large part of the company’s European Onshore Services business and its blade production facility in Portugal have been concluded successfully. A corresponding agreement was unanimously approved by Senvion’s creditors’ committee on 11Continue Reading
Senvion announced that it has received several advanced offers for various substantial core parts of its business. The company is entering final stages of the M&A process and will present the investor concepts to the creditors’ assembly for a vote on 10 September 2019. The company has also put inContinue Reading
Bankrupt German wind turbine manufacturer Senvion is in talks to buy time to strike a rescue deal as negotiations with potential buyers of the company continue. The company is in discussions with creditors to extend a 100 million euro ($111 million) insolvency loan so it can avoid having to agreeContinue Reading
Senvion successfully completed the installation of 546 MW in the first six months of 2019 and achieved 89% yoy growth compared to the 289 MW in the corresponding period in 2018. The growth was largely driven by installations in new markets, namely Latin America and Australia. In addition to theContinue Reading
Senvion has successfully completed the first installation of the new 2.3M130 turbine in Gujarat, India. With a rotor diameter of 130 metres, it is one of the largest turbines ever installed in India. Its installed capacity of 2.3 MW will provide electricity to over 1,500 Indian households. The 2.XM platformContinue Reading
Senvion is a leading global manufacturer of onshore and offshore wind turbines. The Senvion systems are mainly designed in the major TechCenters in Osterrönfeld and Bangalore and manufactured at its German and Portuguese plants in Bremerhaven, Vagos and Oliveira de Frades as well as in Żory-Warszowice, Poland and Baramati, India.Continue Reading
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