Alfanar buys wind turbine maker Senvion India : comparemela.

Alfanar buys wind turbine maker Senvion India
FE Bureau
© Provided by The Financial Express
Alfanar has commissioned a 300 MW wind project in Gujarat that was awarded under the third tranche of the SECI auctions. It is also executing another 300 MW of wind project in Gujarat that was awarded under SECI fifth tranche.
Saudi Arabia-based Alfanar on Thursday announced 100% acquisition of wind turbine maker Senvion India from German firm Senvion GmbH. The financial details of the deal were not disclosed. Senvion GmbH had said in April, 2020 that it has entered into a binding agreement with "a strategic investor" to sell its Indian unit, which currently has a 500 mega-watt (MW) manufacturing capacity.

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