Key Takeaways
- Vayona Energy emerges as a major wind turbine manufacturer in India and South Asia after acquiring Siemens Gamesa’s onshore wind business.
- The company is supported by an experienced leadership team and an order book exceeding 1 GW.
- Vayona Energy aims to enhance renewable energy deployment in the region with innovative, locally manufactured solutions.
New Company Formation and Leadership
Following the acquisition of Siemens Gamesa’s onshore wind business in India and Sri Lanka by a consortium led by TPG and MAVCO, a new independent entity has been established, named Vayona Energy. This company is set to become a leading wind turbine original equipment manufacturer (OEM) in India and South Asia, employing nearly 1,000 people and boasting a portfolio of over 12 gigawatts (GW) of operational and developmental assets. Vayona Energy is committed to advancing the region’s shift towards green and sustainable energy solutions.
Vellayan Subbiah has been appointed as Chairman of the board, while Prashant Jain takes on the role of Executive Vice Chairman. Jain is notably a former Joint Managing Director and CEO of JSW Energy. The acquisition was first reported by ET in March 2025, with the TPG-led consortium paying between $500-550 million for Siemens Gamesa Renewable Power.
Partnership with TPG and Strategic Goals
The creation of Vayona Energy follows the consortium’s alliance announcement in March 2025, which aimed to form a new independent platform focused on onshore wind energy in India and South Asia. This initiative marks TPG’s first investment from its Global South Initiative, part of a collaboration with ALTÉRRA to finance climate solutions in developing markets.
The platform combines Siemens Gamesa’s manufacturing and technological strengths with local partnerships and experienced management. Jain expressed enthusiasm about Vayona Energy’s market entry, highlighting India’s dynamic renewable energy landscape as a significant opportunity for large-scale clean energy implementation. He emphasized that through partnerships with TPG, MAVCO, and ongoing collaboration with Siemens Energy, Vayona is well-equipped to foster innovation and expand wind energy adoption in India and emerging markets.
Operational Strengths and Market Objectives
Vayona Energy enters the market with a robust order book surpassing 1 GW and an operations and maintenance (O&M) portfolio of over 8 GW. The company intends to utilize the solid industrial foundation established by Siemens Gamesa while scaling its onshore wind capabilities throughout South Asia.
Subbiah, who is also the chairman of CG Power, reported that Vayona will prioritize delivering high-quality, domestically manufactured wind turbines at competitive global prices. He concluded that the objective is to maximize customer value through superior manufacturing abilities and the diverse strengths offered by the consortium partners.
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