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Siemens Gamesa completes sale of 32% Windar stake

RICHARD HEAP

February 1, 2024

Siemens Gamesa has concluded the sale of its 32% stake in Spanish turbine tower manufacturer Windar Renovables to investment group Bridgepoint.

Bridgepoint is buying a majority stake in Windar through its Bridgepoint Europe VII fund. In addition to Siemens Gamesa’s 32% stake, Bridgepoint is acquiring an undisclosed stake in the company from Spain’s Grupo Daniel Alonso, which will retain an indirect minority stake.

The deal was first announced in May 2023 and received backing from the European Commission in October 2023.

Jochen Eickholt, chief executive of Siemens Gamesa, said: “This is a logical and important step for us to take as it enables us to focus even more on our core business: the design, manufacturing, installation, service, and maintenance of wind turbines.”