Siemens’ finance arm buys 46% stake in Greenko’s wind unit


Siemens’ finance arm buys 46% stake in Greenko’s wind unit

German engineering conglomerate Siemens’ financing arm has signed a pact with Greenko group to acquire 46% stake in its 200 MW-Poovani wind power project, German conglomerate said on Monday.

This is Siemens Financial Services’ first investment in a wind farm in Asia. Its group company Siemens Gamesa Renewable Energy is building the project for Greenko.

“Completing our first equity investment in renewables in the region further underscores our company’s commitment to bringing optimal energy solutions to India backed by innovative Siemens Gamesa Technology,” Steffen Grosse, Chief Financial Officer of Energy Finance, Siemens Financial Services, was quoted as saying. Read More

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