Siemens Energy sells most of Indian wind business to TPG-led investor group

Siemens Energy plans to sell 90% of its wind business in India and Sri Lanka to an investor group led by TPG's climate investment arm. The deal includes transferring around 1,000 employees and two manufacturing plants. Siemens Gamesa, with a 30% market share in India, aims to better serve the market and provide long-term stability for employees and customers.