TPG-led investor consortium to acquire a 90% stake in the wind business in India and Sri Lanka from Siemens Gamesa.

TPG-led investor consortium to acquire a 90% stake in the wind business in India and Sri Lanka from Siemens Gamesa, a wind engineering company. Financial terms were not disclosed. “Siemens Gamesa has built a leadership position in India’s onshore wind market, and we look forward to partnering with them, MAVCO, and Prashant to build on their success. We believe onshore wind will continue to play an increasing role in India’s green energy mix and this new platform, with Siemens Gamesa’s world-class product manufacturing and service offering, and the backing of TPG and MAVCO will continue to accelerate the delivery of gigawatts of clean power to millions of Indians across the socio-economic spectrum,” Ankur Thadani, TPG Partner and Head of Climate, Asia.