Close

Saudi firm Alfanar acquires wind turbine manufacturer Senvion India

Note* - All images used are for editorial and illustrative purposes only and may not originate from the original news provider or associated company.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

Leave Message for Us to Get Back

Related stories

UK Unveils Onshore Wind Power Plan Targeting 29GW by 2030

The UK government is starting its first onshore wind...

Morocco Expands Wind Energy Projects with UAE Support

Morocco plans to speed up the process of raising...

Poland’s £5bn Offshore Wind Farm Project Nears Construction

Poland's £5 billion offshore wind farm project is getting...

China Leads Global Wind and Solar Project Expansion

According to a recent research from Global Energy Monitor,...

Alfanar, a Saudi Arabia-based manufacturer and trader of power equipment said it has acquired wind turbine manufacturer Senvion India from Senvion GmbH.

With this 100 per cent acquisition, the Saudi firm has entered into India’s energy sector.

According to the press release, the deal will strengthen Alfanar’s position in India’s renewable energy space. “Through this acquisition, Senvion India will provide full engineering, procurement, and construction and operation and maintenance solutions for wind power projects to customers in India,” it added.

The acquisition was made through Global Renewable Energy Development Holding Company (GREDHCL), an investment vehicle set-up by the promoters of Alfanar.

“Alfanar’s investment in Senvion India is a start towards the goal to be a major player in Indian energy sector through its services in the fields of renewable energy and grid substations. India is a very strategic market for Alfanar…,” said Jamal Wadi, managing director (MD) of GREDHCL and president of Alfanar’s energy and renewable business.

Amit Kansal, chief executive officer and MD of Senvion India, said that with Alfanar, the company plans to scale-up its operations. He added that Senvion has already localised 85 per cent of its turbines in India.

Latest stories

Related stories

UK Unveils Onshore Wind Power Plan Targeting 29GW by 2030

The UK government is starting its first onshore wind...

Morocco Expands Wind Energy Projects with UAE Support

Morocco plans to speed up the process of raising...

Poland’s £5bn Offshore Wind Farm Project Nears Construction

Poland's £5 billion offshore wind farm project is getting...

China Leads Global Wind and Solar Project Expansion

According to a recent research from Global Energy Monitor,...

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

– Leave Message for Us to Get Back