Siemens Gamesa is targeting break-even status by 2026 after anticipating a loss of €2bn in the fiscal year 2024. To achieve profitability, the company is selling its Indian wind turbine business, a subsidiary of Siemens Gamesa Renewable Energy. The Indian unit has annual revenues of $700m and a valuation of $1bn, attracting interest from potential buyers such as Adani Renewable Energy, Brookfield Energy Transition Funds, Macquarie, Masdar, and TPG Rise.
Siemens Energy is overseeing the sale process as Siemens Gamesa focuses on its core markets in Europe and the US. Despite challenges, the company considers the Indian market strategically important and will honour its service commitments in the region. The sale is part of Siemens Energy’s plan to fully integrate Siemens Gamesa and address quality and operational challenges.
Siemens Ltd, the Indian subsidiary of Siemens AG, recently announced the demerger of its energy business into a separate entity, Siemens Energy India Limited. The company aims to complete the demerger and listing process by 2025. Siemens Energy India Limited will provide solutions across the energy value chain, including power and heat generation, transmission, and storage. Its portfolio will feature a mix of conventional and renewable energy technologies such as gas and steam turbines, hybrid power plants using hydrogen, power generators and transformers. By focusing on industry, infrastructure
