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Alfanar, a Saudi company, completed the 100% acquisition of wind turbine OEM Senvion India from Senvion GmbH through its investment vehicle GREDHCL. The deal strengthens Alfanar's renewable energy presence in India.
Senvion India secured a ten-year Operations and Maintenance contract for 25 wind turbines (54 MW) across five wind farms in India owned by the Malpani Group. The contract starts in May 2021.
Alfanar has successfully completed the 100% acquisition of wind turbine OEM Senvion India. The announcement was made on May 19, 2021.