German turbine maker Senvion sells India unit

Wind turbine manufacturer Senvion GmbH said on Tuesday that it has entered into a binding agreement with “a strategic investor” to sell its Indian unit Senvion India.

The financial details of the deal were not disclosed. The Indian unit currently has a 500 mega-watt (MW) manufacturing capacity and the company said that it is on track to complete the current orders as per the terms of the existing contract.