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Wind Turbine Manufacturer Senvion Sells its Indian Branch

German wind turbine manufacturer Senvion has entered into a binding agreement with a strategic investor to sell and transfer its fully operational Indian entity.

Image: SenvionImage: Senvion

Senvion didn't name any more details like the name of the strategic investor or the price. The agreement underlines that full ownership of Senvion India will be transferred to the investor along with the company’s assets such as factory, personnel, installed projects or wind farms under construcion.

“The parties have now entered the final closure stage, where legal documentation and agreements are being discussed. We expect, subject to any regulatory approvals, the transaction to close before June 2020,” Senvion said, according to Mercom India reports.

Mercom India
Windfair Editors
Senvion, manufacturer, India, entity, branch, strategic investor, investment, turbine, wind farm, property, factory

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