RK Wind acquires significant assets of the production including IP rights from PowerWind, a Germany-based company engaged in the research and development, manufacturing, marketing, sale, installation, and service of wind turbines.
About the Seller – PowerWind
PowerWind GmbH (“PowerWind”) is a Germany-based company that designs, manufactures, and installs wind turbines. Founded in 2007, the company specializes in the development and production of medium-sized onshore wind turbines with a capacity of 500 kW to 3.3 MW. PowerWind’s turbines are designed to be reliable, efficient, and low-maintenance, and are optimized for use in areas with moderate to high wind speeds. The company offers a range of services, including site assessment, project planning, and installation and commissioning of wind turbines.
About the Purchaser – RK Wind
RK Wind Limited (“RK Wind”) is a UK-based company that specializes in the development, construction, and operation of onshore wind energy projects and represents a collaboration between RS India Infra Power Ltd., a developer of wind farm projects, and PTC India Ltd., the largest privately held power provider in India. The company works closely with landowners, communities, and other stakeholders to ensure that its wind energy projects are designed and implemented in a responsible and sustainable manner.