Germany-based wind OEM Senvion has announced the launch of an accelerated book-building to implement a capital increase for cash of about €62.5m in order to fund its expansion into new markets, such as India.
“We have seen almost 400% order increase in new markets year-over-year and we expect 20-40% revenue growth in 2019. We are meeting or even exceeding our own market share targets in key regions,” acting chief executive Manav Sharma says.
