Suzlon takes all of REpower

Indian wind company Suzlon will complete its purchase of German turbine manufacturer REpower through the acquisition of the remaining five per cent stake it did not previously own.

According to the Wall Street Journal, Suzlon has agreed to pay €63m (USD90.5 million) for the remaining minority stake. This follows a number of equity buy-outs by Suzlon, most recently in April when it raised its stake to 95.16 per cent.

The deal cements the company's foothold in the European wind sector and creates a wind turbine manufacturing powerhouse.