German engineering giant Siemens will be consolidating its position as a power player in the wind-energy business with its pending deal with Spanish manufacturer Gamesa, industry watchers say.
The two firms recently agreed to merge their wind-power operations in what could be a $1-billion transaction. If the deal closes as planned in the first part of 2017. It will create the world’s biggest wind-turbine maker and signals Siemens' continued growth in wind energy, especially offshore, in emerging markets and in supplying onshore services, according to company officials.