Siemens Gamesa Renewable Energy announced the acquisition of shares in Ria Blades, which owns and operates the onshore wind turbine blade production plant in Vagos, Portugal.
The acquisition of the manufacturing plant in Portugal will strengthen Siemens Gamesa’s competitiveness in its onshore business by absorbing expected growth in production from external suppliers, mainly from Asia, and will become an export hub for international markets.
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 in Europe 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.
The integration of the Onshore European Service assets and Intellectual Property (IP) begun in early January 2020 and will strengthen Siemens Gamesa’s multibrand service portfolio, allowing the company to service an broader range of wind turbine technologies.
The Onshore European Service unit acquisition added approximately 9 GW in service fleet in 13 European countries, bringing the total serviced fleet to around 69 GW globally.
The total purchase price for Senvion’s selected assets, including the manufacturing facility in Vagos, the Onshore European Services assets and IP is €200 million.