Siemens-Gamesa is Vayona Energy now after acquisition completion

MUMBAI: Private equity major TPG and Mavco-led consortium, which has acquired the wind energy business of Siemens-Gamesa in India and Sri Lanka, has renamed the company as Vayona Energy on completion of the acquisition. In March 2025, a consortium led by TPG, Mavco Investments — a private company belonging to select member of the Muruguppa family–and other investors, including well-known fund manager Prashant Jain, had recently announced the 90 percent equity purchase of Siemens Gamesa’s onshore wind business for a reported $550 million.