Hull’s blade plant director has told regional stakeholders how the majority shareholder’s proposed buy-out of Siemens Gamesa will “only strengthen” the business’s ability to help the UK in its energy transition aims.
The Spanish National Securities Market Commission has approved Siemens Energy’s purchase of the 33 per cent of the business it doesn’t already own, with a de-listing of the entity from the Madrid exchange anticipated in February next year.
Siemens Gamesa Renewable Energy was the result of a merger between Siemens Wind Power and Gamesa - the Spanish onshore wind specialist that emerged out of a Seventies aerospace entity - back in April 2017, as the Green Port manufacturing site emerged on the Humber Bank. It is going from strength to strength, with major expansion and recruitment soon to begin.
