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Siemens Financial Services picks up stakes in 200 MW wind power project

Thursday, 14 Mar 2019
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Siemens Financial Services (SFS) has picked up 46 percent stakes in Greenko Group's 200 MW Poovani Wind Power Project in Tamil Nadu for an undisclosed amount.

The company has signed a definitive agreement with Greenko Group for the 46 percent equity investment, marking its first investment in a wind farm in Asia.

The project is backed by the Solar Energy Corporation of India (SECI) and involves installation of 100 units of Siemens Gamesa Renewable Energy's SG 2.0-114 wind turbines in Tamil Nadu.

 
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