TPG Acquires Majority Stake in Siemens Gamesa's Indian and Sri Lankan Onshore Wind Business
Deal News | Mar 26, 2025 | TPG
TPG, a global alternative asset management firm, and Siemens Gamesa, part of Siemens Energy and a leader in wind turbine manufacturing, have announced a strategic partnership to enhance onshore wind power supply in India. Under the agreement, TPG will acquire a majority stake in Siemens Gamesa's onshore wind turbine manufacturing operations in India and Sri Lanka, subject to regulatory approvals and certain conditions. The financial terms remain undisclosed. Industry veteran Prashant Jain and MAVCO are also part of this coalition, aiming to establish a preferred supplier status in the region's onshore wind market.
Sectors
- Renewable Energy
- Private Equity
Geography
- India – The main focus of the investment and strategic partnership is to enhance the onshore wind turbine supply in India.
- Sri Lanka – The acquisition by TPG also includes Siemens Gamesa's operations in Sri Lanka as part of the deal.
Industry
- Renewable Energy – The article deals with the wind energy sector, focusing on the manufacturing and supply of onshore wind turbines in India and Sri Lanka.
- Private Equity – The involvement of TPG, a private equity firm, highlights the financial investment aspect in renewable energy infrastructure.
Financials
- Undisclosed – The financial terms of TPG's majority stake acquisition in Siemens Gamesa's onshore wind business in India and Sri Lanka.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| TPG | Acquiring Firm | Company | A leading global alternative asset management firm known for its investments in various sectors, including renewable energy. |
| Siemens Gamesa | Target Company | Company | A subsidiary of Siemens Energy, focused on wind power solutions, particularly onshore wind turbines. |
| Siemens Energy | Parent Company | Company | A global leader in energy technologies, with significant operations in renewable energy through its subsidiary, Siemens Gamesa. |
| MAVCO | Partner | Company | Part of the strategic partnership aiming to boost the onshore wind sector in India. |
| Prashant Jain | Industry Veteran | Person | An experienced professional in the industry, aligning with the strategic goals of the partnership. |