Global Renewal Energy Development to acquire the India unit of Senvion.

Global Renewal Energy Development agreed to acquire the India unit of Senvion, a German wind turbine manufacturer. Financial terms were not disclosed The transaction envisages the transfer of complete ownership of Senvion India along with all assets such as the factory, installed base of O&M and current ongoing projects, intellectual property rights relevant for the Indian market and its strong 300+ team size.