News Digest Item
05 Apr 2017

Siemens and Gamesa complete wind power merger

Siemens AG / Windkraft-Journal

Siemens Wind Power and Gamesa have finalised their merger to become “a global market leader in the area of renewable energies”, Siemens CEO Joe Kaeser said in a press release. The shared enterprise of German engineering heavyweight Siemens’s wind power branch and the Spanish turbine maker will form an on- and offshore wind power provider “with an unrivalled global presence”, the press release added.

Fifty-nine percent of the new company will be owned by Siemens. while Gamesa stockholders hold 41 percent, according to Windkraft-Journal. Siemens Wind Power-Gamesa has an installed capacity of 69 gigawatt worldwide and a revenue of 9.3 billion euros, it adds.

Find the press release in English here.

Find the article in German here.

All texts created by the Clean Energy Wire are available under a “Creative Commons Attribution 4.0 International Licence (CC BY 4.0)” . They can be copied, shared and made publicly accessible by users so long as they give appropriate credit, provide a link to the license, and indicate if changes were made.

Journalism for the energy transition

Get our Newsletter
Join our Network
Find an interviewee