Siemens Energy sells most of Indian wind unit in latest revamp
Răzvan Botea
FRANKFURT/DUESSELDORF :Siemens Energy will sell 90 per cent of its wind turbine business in India and Sri Lanka to an investor group led by the climate investment arm of buyout group TPG, in the latest move aimed at fixing its struggling renewables division. Siemens Gamesa, Siemens Energy's loss-making wind turbine division, holds a 30 per cent market share in India but had said it was considering strategic options for the business, citing cut-throat competition. "It's a very fragmented and
din zilele anterioare