TPG reportedly in advanced talks to acquire Siemens Gamesa India assets

28 Nov 2024 CW Team

TPG Inc is reportedly in advanced negotiations to acquire the Indian wind energy assets of Siemens Energy AG’s Gamesa unit.

Sources, who requested anonymity due to the private nature of the discussions, indicated that TPG has become the frontrunner after surpassing competitors, including industry players and private equity firms. The deal is expected to value the Siemens Gamesa India assets at over $300 million, they noted.

The discussions are still on-going, and no definitive decisions have been made, the sources added. Other bidders remain interested in the assets, which encompass the operation, maintenance, and manufacturing of wind turbines.

Siemens Gamesa has been considering divesting its Indian assets, which previously attracted interest from TPG, JSW Energy., and Inox Wind. A Siemens Energy spokesperson remarked that the Indian market holds significant importance for the company, offering considerable opportunities for the energy business. The spokesperson further stated that all options, including potential partnerships, are being explored, though no conclusive decisions have been reached yet.

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..