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TPG buys into Siemens Gamesa's India wind business

March 27, 2025

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Mint New Delhi

Wind turbine maker will own a minority stake

- Mansi Verma

PG, a global alternative asset management firm, has agreed to acquire a majority stake in Siemens Gamesa Renewable Energy's wind turbine generator businesses in India and Sri Lanka. Siemens Gamesa is a wind power subsidiary of Germany's Siemens Energy AG.

In a statement on Wednesday, TPG said the transaction was subject to closing conditions and regulatory approvals, but didn't disclose the financial details of the investment.

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