Business World of Renewable Energy

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Siemens Gamesa Acquires Ria Blades Rotor Blade Plant

Zamudio, Spain - The wind turbine manufacturer Siemens Gamesa Renewable Energy has acquired all shares in the rotor blade factory Ria Blades S.A. This completes the acquisition of selected assets from the insolvent Senvion.

On October 21, 2019, Siemens Gamesa reached an agreement with Senvion on the acquisition of selected Senvion assets. The assets comprised the onshore service business, intellectual property rights and the acquisition of the Senvion rotor blade plant.

Senvion assets: Acquisition of the onshore service business and rotor blade plant in Portugal

According to the agreement reached, Siemens Gamesa had already taken over the Senvion service fleet with 8,900 MW in 13 countries and the intellectual property rights (IP) in January 2020. Other assets that Siemens Gamesa wanted to take over from Senvion included the Portuguese rotor blade plant Ria Blades. The total purchase price for the selected assets of Senvion will then amount to 200 million euros (subject to closing accounts confirmatory adjustments).

Siemens Gamesa sees bright future for rotor blade plant in Portugal

The Ria Blades rotor blade factory in Vagos, Portugal, is a leading production facility that will be developed into an export hub for international markets, according to Siemens Gamesa. This measure will reduce the company's current production dependency on Asian suppliers. “The acquisition of Senvion’s Ria Blades factory was an opportunity we could not afford to miss. It is one of Europe’s most competitive plants, a cutting-edge facility that is very complementary to our existing footprint. The new plant will help us to serve different markets with different models and we will do this meeting the highest standards in quality of manufacturing," said Alfonso Faubel, CEO of the Onshore Business Unit at Siemens Gamesa.

Source: IWR Online, 06 May 2020