Senvion

Siemens Gamesa Renewable Energy completed the acquisition of Ria Blades, S.A. from Senvion Portugal S.A., as part of a broader deal to acquire Senvion assets for €200 million.

Siemens Gamesa Renewable Energy completed the acquisition of Senvion's European Service assets and Intellectual Property, adding approximately 9.0 GW of serviced fleet. The cash price for Senvion Services and Ria Blades is €200 million.

Financially troubled German turbine manufacturer Senvion entered an agreement with Siemens Gamesa to discuss the sale of some assets as part of insolvency plans.

Siemens Gamesa entered exclusive but non-binding negotiations to acquire selected European service and onshore wind operations of insolvent Senvion. The deal would cover about 500 of Senvion's 1,800 German employees.

Senvion secured a contract from EREN RE to deliver 27 units of Senvion's 3.6M114 next electrical turbines, totaling 707 MW, in Argentina. The project was awarded in the RENOVAR Round 1 tender in October 2016.