{"id":77589,"date":"2023-05-23T01:05:16","date_gmt":"2023-05-23T01:05:16","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/05\/23\/siemens-gamesa-inks-agreement-to-sell-its-stake-in-spains-windar-renovables\/"},"modified":"2023-05-23T01:05:16","modified_gmt":"2023-05-23T01:05:16","slug":"siemens-gamesa-inks-agreement-to-sell-its-stake-in-spains-windar-renovables","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/05\/23\/siemens-gamesa-inks-agreement-to-sell-its-stake-in-spains-windar-renovables\/","title":{"rendered":"Siemens Gamesa inks agreement to sell its stake in Spain\u2019s Windar Renovables"},"content":{"rendered":"

Siemens will sell its share in Windar Renovables to the UK\u2019s Bridgepoint: <\/strong>Siemens Gamesa signed an agreement to sell its 32% stake in Spain-based renewable semiconductor manufacturing firm Windar Renovables \u2014 owned by the Daniel Alonso Group \u2014 to London-headquartered private investment firm Bridgepoint, Reuters<\/a> reports. The sale comes as the company pivots to focus on its core business of wind turbine design, manufacturing, installation, and maintenance, a company spokesperson for Gamesa parent company Siemens Energy told reporters on Sunday. The price tag of its planned stake sale was not disclosed.<\/p>\n

Siemens has been making moves in our neck of the woods: <\/strong>Siemens Energy inked an<\/a>agreement<\/a> with UAE-based Brooge Energy back in February to jointly develop a solar energy plant in Abu Dhabi, and earlier that month its subsidiary Siemens Gamesa was in talks<\/a> with Egypt\u2019s Electricity and Renewable Energy Ministry to explore potential cooperation on green hydrogen and renewable energy projects in the country. Gamesa is a major player in Egypt\u2019s wind energy sector, and is involved in the 500 MW Gulf of Suez wind farm<\/a> \u2014 formerly known as the Ras Gharib<\/a> wind plant, the 250 MW West Bakr wind farm<\/a>, and the 220 MW Gabal El Zeit 2<\/a>wind project in the Gulf of Suez.<\/p>\n

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An EV minerals spree by Ford:<\/strong> US automaker Ford Motor announced several agreements for battery-grade lithium under its plan to push EVs production in next few years, CNBC<\/a> reports, citing a presentation by the company. The automaker has an ambitious plan to manufacture EVs at a rate of 2 mn annually by 2026. Both Albemarle and Nemaska Lithium will supply Ford with over 100k metric tons and up to 13k tons of lithium hydroxide over a period of five to 11 years, respectively. Other agreements include one with Compass Minerals for battery-grade lithium carbonate, and another with EnergySource Minerals for lithium hydroxide.<\/p>\n

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n