TPG in advanced talks to acquire Siemens Gamesa's Indian wind assets

TPG Inc. is said to be in advanced talks to acquire the Indian wind energy assets of Siemens Energy AG’s Gamesa unit, with a potential transaction value of over $300 million.

TPG has reportedly outbid several competitors, including industry players and private equity firms, making it the leading contender for the assets.

The assets being considered include the operation, maintenance, and manufacturing of wind turbines.

Siemens Gamesa has been actively looking to sell its Indian operations and has attracted interest from various bidders, such as JSW Energy Ltd. and Inox Wind Ltd.

While discussions are ongoing, no final agreements have been reached, and other interested parties are still pursuing the opportunity.

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