Siemens buys bust Senvion’s onshore offerings, saves jobs


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.”

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European Utility Week
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