It's in the wind: TPG, JSW and Inox in fray for Siemens Gamesa

TPG, JSW Energy, and Inox Wind are competing to acquire Siemens Gamesa Renewable Power's Indian unit. Valued up to $500 mn, the deal depends on contingent liabilities. Firms seek to bolster their renewable energy ventures. Siemens Gamesa aims to focus on core markets. The sale is part of Siemens Energy’s strategy to cut losses and improve profitability.