Tag: SGRE

Siemens Energy bids for remaining stake in Siemens Gamesa

Siemens Energy bids for remaining stake in Siemens Gamesa

May 25, 2022 |

Siemens Energy has launched a 4.05 billion euro bid for a minority stake in Siemens Gamesa. By doing this Siemens Energy hopes to resolve a complicated ownership structure that has weighed on its shares. The bid of 18.05 euros per share represents a 27.7 per cent premium over Siemens Gamesa’s last unaffected closing share price of 14.13 euros on May 17, 2022, and a 7.8 per cent premium over the closing price of May 20, 2022.

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SSE to acquire SGRE’s 3.9 GW European renewable energy platform

SSE to acquire SGRE’s 3.9 GW European renewable energy platform

April 21, 2022 |

SSE Renewables, based in the UK, has signed an agreement with Siemens Gamesa Renewable Energy (SGRE) to acquire approximately 3.9 GW European renewable energy development platform for $627 million. Under the agreement, SSE Renewables will acquire SGRE’s 3.9 GW onshore wind portfolio across Spain, France, Greece, and Italy.

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