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

09 Mar 2026

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..

Company showcases North America-certified machinery and secures new deals

Zoomlion Heavy Industry Science & Technology Co., recently showcased a wide portfolio of North America-certified and customised construction equipment at CONEXPO-CON/AGG 2026 in Las Vegas. The display included engineering hoisting machinery, concrete equipment, earthmoving machinery, mining equipment and construction hoisting solutions tailored to regional operational requirements.All equipment presented at the exhibition complies with North American certification standards, with several models specifically developed to meet local regulatory requirements and site conditions. One of the hig..