July 26, 2014 12:25 PM ET

Electrical Equipment

Company Overview of Senvion SE

Company Overview

Senvion SE is engaged in developing, constructing, and distributing onshore and offshore wind turbines in Germany and internationally. It also offers project specific solutions in the areas of service and maintenance, transport and installation, and foundation planning and construction. Senvion SE offers its products through distribution partners, subsidiaries, and participations in the European markets, including France, Belgium, the United Kingdom, Italy, Portugal, and Poland; the United States; China; Australia; and Canada. The company was formerly known as REpower Systems SE and changed its name to Senvion SE in January 2014. Senvion SE was founded in 2001 and is based in Hamburg, German...

Uberseering 10

Hamburg,  22297

Germany

Founded in 2001

2,478 Employees

Phone:

49 40 555 5090 0

Fax:

49 40 555 5090 3999

Key Executives for Senvion SE

Chairman of the Executive Board and Chief Executive Officer
Age: 50
Chief Financial Officer and Member of Executive Board
Age: 48
Chief Operating Officer and Member of Executive Board
Age: 48
Chief Strategy Officer and Member of Executive Board
Age: 55
Chief Technology Officer and Member of Executive Board
Compensation as of Fiscal Year 2014.

Senvion SE Key Developments

Suzlon May List Senvion By March 2015

Suzlon Energy Limited (BSE:532667) may sell its shares in Senvion SE for the first time by end-March 2015 as demand improves. Suzlon, though, would still keep its majority hold of Senvion.

Senvion SE Signs Agreement with Consortium of Banks, Increases Financing Framework to EUR 850 Million for 3 Year Period

Senvion SE, a wholly owned subsidiary of the Suzlon Group, signed an agreement in late March with a consortium of banks headed by BayernLB, Commerzbank Aktiengesellschaft and Deutsche Bank AG for a syndicated working capital facilities of EUR 850 million for the period of 3 years. This move enables Senvion SE to secure follow-on financing early for the credit facilities of EUR 750 million agreed in May 2012 for the period up to August 2014. In total, 14 international banks and credit insurance companies are participating in this financing with a term of three years, syndication of which was significantly oversubscribed. Six globally reputed financial institutions and banks with excellent ratings have been added to the banks consortium. The financing structure remains largely unchanged and primarily consists of non-Fund based (guarantee) facilities.

Suzlon Energy To Reportedly List Senvion

Suzlon Energy Limited (BSE:532667) is planning to raise INR 100 billion by listing its Senvion SE on the London Stock Exchange, reported Business Standard. According to the report, Suzlon Energy is planning to sell shares in Senvion to raise INR 100 billion by listing it on the London Stock Exchange (LSE). Suzlon Energy will have to dilute 25% stake in Senvion to meet the UK listing norms and expects a INR 400 billion valuation for the unit. The share sale is likely to be the biggest offering in rupee terms by an Indian firm in the global market in recent years, the report added. The shares of Suzlon Energy jumped 10.72% to INR 10.95 in the morning on BSE on the basis of the report.

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