The deal is valued at EUR 1 billion in an all cash transaction and future earnings of up to an additional EUR 50 million.

According to Suzlon, the sale of Senvion SE is in line with the company’s strategy to reduce the debt and focus on the home market and high growth markets of the US, and emerging markets like China, Brazil, South Africa, Turkey and Mexico.

The transaction is expected to be closed before the end of the current financial year.

Senvion employs over 160 people in Australia and has invested more than $2.5 billion in 18 wind farm projects across Victoria, New South Wales and South Austr...