Shanghai Electric and Mitsubishi interested to acquire Siemens Gamesa

10 Dec 2020 CW Staff

The share prices of Madrid based wind OEM Siemens Gamesa rose after the circulation of reports that Asian giants Shanghai Electric and Mitsubishi were targeting it for an acquisition. The share prices of Siemens Gamesa, were 3% higher during the course of early afternoon trading in Madrid, outranking the slightly down IBEX 35 market in the process. Germany-based Siemens energy owns about 67% of the company.

The report shed light on Siemens Energy’s prevalent relationship with Siemen Gamesa as a grantor of offshore wind technology. The report also noted Mitsubishi Heavy’s recent verdict of divesting their half-share in offshore OEM MHI Vestas to Vestas, their Danish partner.

Despite its onshore wind wing suffering high-profile issues over the last few years, Siemens Gamesa continues to be the world leader with respect to the supply of offshore turbines. In Spite of registering a full-year loss of $1.08 billion in the last year, the company has a record order book worth $36.63 billion to its name.

Any comprehensive discarding of Siemens Gamesa is poised to leave a conspicuous hole in Siemen Energy’s overall green capabilities that was given birth to this year to accommodate the German industrial giant’s growing energy interests.

Image Source

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..