TPG and MAVCO have successfully acquired Siemens Gamesa’s wind business in India and Sri Lanka, forming Vayona Energy to drive renewable energy solutions in the region.

Target Company Overview

Vayona Energy is a newly established independent company formed through the acquisition of Siemens Gamesa's onshore wind business in India and Sri Lanka, led by TPG and MAVCO. This company is positioned to become a leading Original Equipment Manufacturer (OEM) in the wind turbine market within India and South Asia, aiming to foster the transition to green energy and sustainable power. Vayona Energy boasts a workforce of approximately 1,000 professionals and a considerable portfolio comprising over 12GW in operational and developmental assets, highlighting its capacity to deliver reliable, affordable, and clean energy solutions across the region.

With its leadership team including Chairman Mr. Vellayan Subbiah and Executive Vice Chairman Prashant Jain, Vayona Energy is strategically equipped to tap into the significant wind market potential in India and South Asia. The company commences its operations with a robust customer order book exceeding 1GW and a substantial operational and maintenance portfolio of over 8GW.

Industry Overview in India

India is recognized as one of the world's largest consumers of energy, offering substantial opportunities in the renewable energy sector. As the country intensifies its efforts toward sustainable development, the wind energy sector plays