Siemens Gamesa completes acquisition of Portuguese wind blade plant

Wind turbine manufacturer Siemens Gamesa Renewable Energy (SGRE, Zamudio, Spain) announced on April 30 its acquisition of all shares in Senvion’s Ria Blades factory, the business entity that owns and operates an onshore wind turbine blade production plant in Vagos, Portugal. The deal, announced by Senvion last October, includes the manufacturing plant and other select assets from Senvion. 

Connected by both road and sea, the manufacturing plant in Portugal reportedly will help strengthen Siemens Gamesa’s competitiveness in its onshore business by absorbing growth in production from external suppliers and become an export hub for international markets. Siemens Gamesa says it will further enhance existing manufacturing capabilities and limit the exposure to supply chain bottlenecks, volatility from foreign exchange markets and trade tariffs.

“Senvion’s Ria Blades factory is one of Europe’s most competitive plants. It will help us to serve different markets with different models and we will do this meeting the highest standards in quality of manufacturing,” says Alfonso Faubel, CEO of the Onshore business unit at Siemens Gamesa.

Closure of the acquisition process with Senvion also points to Siemens Gamesa’s step toward market adaptability. “We are operating in a highly competitive market environment and to remain successful in such an environment demands that we must continuously strive to find ways to grow and adapt to market dynamics,” notes Markus Tacke, CEO of Siemens Gamesa. 

The total purchase price for Senvion’s selected assets which include the manufacturing facility in Vagos, the Onshore European Services assets and IP is €200 million. Additionally, the acquisition adds to Siemens Gamesa approximately 9 GW in service fleet in 13 European countries, bringing the the company’s total serviced fleet to around 69 GW globally. The acquisition reportedly also diversifies Siemens Gamesa’s business mix and geographical representation in Europe, with contracts that have long-term visibility and high renewal rates.