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Senvion looks to talk exclusively with Siemens Gamesa for survival

German wind turbine maker Senvion seems determined to prove the TS Eliot that adage about mankind ending not with a bang, but with a whimper. It is now in talks to sell off much of its lifeblood – services contracts across Europe. If that happens, all that would be left is a project pipeline, much of which would be in new markets like India, and some intellectual property around its designs. This week it signed to agree exclusive negotiations with Siemens Gamesa for its Services and Onshore assets. Senvion went into bankruptcy in the spring and this has now been has put this to the creditors committee set up to manage the bankruptcy. Few other companies could manage what are…

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