Siemens, Gamesa create global wind power leader

• Looking to bolster its weak position in the onshore market, Siemens (OTCPK:SIEGY) has agreed to combine its wind business with that of Gamesa (OTCPK:GCTAY) to create the biggest builder of wind farms.
• The deal is the latest in a string of mergers in the wind industry. Having weathered years of overcapacity and losses, it is now thriving as demand for carbon-free electricity increases.
• Previously: Bloomberg: Siemens near deal with Gamesa to combine wind power units (Jun. 16 2016)