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Siemens Energy AG will sell its 32% stake in Spanish wind turbine towers maker Windar Renovables to British investment firm Bridgepoint Group.
Windar Renovables is a joint venture between Siemens Energy and the Spanish industrial group Daniel Alonso.
Bridgepoint is about to buy the entire stake of Siemens Energy and a portion of Daniel Alonso’s 68% shareholding.
Siemens Energy’s CEO Christian Bruch had earlier announced that the company intends to divest “peripheral” assets.
Windar Renovables, which has 1,500 employees worldwide, specializes in the manufacturing of towers for wind turbines and offshore foundations.
Windar Renovables was recently selected to produce transition pieces for the 1,400-MW East Anglia Three offshore wind project in UK waters.
