Portugal

Portugal

Factory sale finalises SGRE-Senvion deal

Siemens Gamesa Renewable Energy (SGRE) has completed its purchase of Senvion assets with the acquisition of the Ria Blades factory in Portugal.

The Ria Blades plant in Vagos, Portugal -- now owned by SGRE
The Ria Blades plant in Vagos, Portugal -- now owned by SGRE

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In October 2019, the two OEMs struck a deal that saw the Spain-based giant take on select European assets of stranded the German turbine maker.

SGRE completed the sale of a roughly 9GW onshore wind servicing portfolio and the intellectual property of Senvion in early January.

Now, SGRE has confirmed the purchase of Ria Blades, the Senvion subsidiary that owns and operates the blade manufacturing plant in Vagos, north-west Portugal. The sale also includes "additional assets required to operate the facility", SGRE said.

"The acquisition of Senvion's Ria Blades factory was an opportunity we could not afford to miss. The new plant will help us to serve different markets with different models," said Alfonso Faubel, CEO of onshore wind at SGRE.

The total deal for Senvion's European assets totals around €200 million.

On top of this deal, in late April SGRE also secured the service contract for a 135MW wind farm in Victoria, Australia, that uses Senvion turbines as well as a stock of spare parts in the country

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