Siemens Gamesa sells development assets in southern Europe

Wind Industry Profile of

The 3.8 GW portfolio includes onshore wind projects in France, Greece, Italy and Spain / A total of around 50 people will be integrated in SSE Renewables, contributing with their development experience and track-record in these regions / The transaction also contemplates the opportunity to supply turbines and maintenance services

Siemens Gamesa announced today the completion of the sale of South European renewables development assets to SSE for a total cash consideration of €613 million (€580 million corresponds to the purchase price and €33 million to the estimated working capital and net debt adjustments as of June 30, 2022). The mentioned adjustments remain subject to customary post-closing accounts review. This sale includes a pipeline of onshore... ... More: Official Press Release Siemens Gamesa Renewable Energy

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Siemens Gamesa, portfolio, sale, acquisition, Europe, renewables, South, SSE, development, maintenance, supply, turbines, service