CCI Approves Wind Power Deal Involving TPG and SGRE

17 Jul 2025 CW Team

The Competition Commission of India (CCI) has approved the proposed acquisition of the Target Business from Siemens Gamesa Renewable Energy (SGRE) and its Sri Lankan arm SGREL by a consortium including Peony Properties Private Limited (PPPL), TPG REGen SG Pte. Ltd. (TPG REGen), Mavco Investments Private Limited (Mavco), Tikri Investments (Tikri), and SGRE.

The Target Business includes the manufacture and assembly of onshore wind turbine generators, as well as the provision of operation, maintenance, and technical services for wind turbines and onshore wind power projects. These operations are currently carried out by SGRE in India and SGREL in Sri Lanka.

PPPL and TPG REGen are ultimately controlled by TPG Inc., a global investment firm listed on NASDAQ. Collectively, they are referred to as the TPG Group.

Mavco is a recently incorporated private limited company backed by individual and trust-based shareholders. Tikri is a partnership firm owned by Mr Prashant Jain and Mrs Seema Jain.

SGRE is a wholly owned indirect subsidiary of Siemens Energy AG (SEAG) and oversees the Target Business in India, while SGREL does the same in Sri Lanka.

The CCI’s detailed order on the transaction will be issued in due course.

Infrastructure Transport

07 Apr 2026

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Government Cancels Auction Of Eleven Critical Mineral Blocks

The government has cancelled the auction of 11 critical and strategic mineral blocks after receiving a poor investor response and failing to attract a sufficient number of qualified bidders. The decision represents a setback to plans to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions and rising demand for materials used in clean energy and advanced technologies. The mines ministry issued an annulment notice setting out the reasons for the cancellations. The annulment notice indicated that the auction process for five mineral blocks was canc..

Gujarat Pushes Biogas Growth With 193 Operational Units

Gujarat has operationalised 193 biogas plants across the state and is planning to add 60 more units as part of a broader push to scale up clean and sustainable energy solutions. The existing plants, established under various government-supported schemes, process organic waste including cattle dung and agricultural residue to produce biogas and a nutrient-rich slurry. The output is mainly used for cooking and other energy needs in rural and semi-urban communities, while also improving local waste management practices. The Gujarat Energy Development Agency (GEDA) is leading the initiative and is..