Siemens Gamesa Renewable Energy has signed a deal to buy three units of bankrupt wind turbine manufacturer Senvion's onshore operations for a total of €200 million ($223 million).
The move will save approximately 2,000 jobs within the insolvent manufacturer's operations.
The purchase includes a large part of the firm’s European Onshore Service Business, its 8.9GW fleet, all associated operations, assets, and intellectual property, as well as its Vagos, Portugal-based onshore turbine blade manufacturing facility.
Markus Tacke, Chief Executive Officer at Siemens Gamesa, said: “Bringing Senvion´s service assets on board will help us to drive growth in a key market segment and add important capacity in Germany and other important European markets, while the blade factory helps us mitigate the risk in the difficult trade environment. We´re bringing good people and good business into the company and that´s a win for all parties.”
Are you part of the future of smart energy in Europe? Don't miss your chance to see the latest technologies, learn from the leading minds in the energy industry, and talk one-to-one with decision-makers who are shaping the future of energy. Here's what you need to know.
-2023 wind energy outlook uncertain – industry must stay focussed
-Renewable energy now cheaper, reduces emissions faster, than nuclear
-Siemens Gamesa’s largest wind turbine gets green light from DNV GL