26/3/2025, 3:48:03 pm

TPG-led group to buy 90% stake in Siemens Energy's Indian wind unit

TPG-led investor group acquires 90% stake in Siemens Energy's Indian and Sri Lankan wind turbine business via TPG Rise Climate. Siemens Gamesa retains 10%. A new company will be formed, transferring 1,000 employees and two manufacturing plants. The deal allows Siemens Gamesa to focus on core markets amid India's renewable energy growth.