Siemens Gamesa strikes deal to sell Windar stake

Siemens Gamesa, part of Siemens Energy AG (ETR:ENR), has reached a deal to sell its 32% stake in Spanish wind turbine towers maker Windar Renovables to British investment firm Bridgepoint Group (LON:BPT), a spokesperson for Siemens Energy confirmed for Renewables Now on Monday.

“The sale of Siemens Gamesa’s stake in Windar is a natural decision for us, as part of our strategy to focus on our core business: wind turbine design, manufacturing including blades, installation and maintenance,“ Jochen Eickholt, CEO of Siemens Gamesa, commented.

Financial or other details of the agreement were not disclosed.

With 1,500 employees worldwide, Windar Renovables specialises in the manufacturing of towers for wind turbines and offshore foundations. Most recently, the company was selected to produce transition pieces for the 1,400-MW East Anglia Three offshore wind project in UK waters.

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