Germany’s Senvion eyes new markets in expansion drive



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Reuters

German wind turbine maker Senvion, which was snapped up by buyout group Centerbridge Partners in January, could expand into new markets such as Chile, Peru and India as part of its drive to grow sales and improve margins, its chief executive said.

“Why has Centerbridge decided to buy us? Because we’re a successful company with growth potential,” Andreas Nauen told Reuters in an interview on Tuesday, adding the group was currently discussing which markets to enter.

Wind turbine makers have emerged from years of losses and overcapacity, as governments around the world pick the technology to reach their renewable targets.