Saudi Arabian industrial conglomerate Alfanar signaled its ambitions in the Indian renewables sector as it was confirmed as the buyer of Senvion India, the local arm of the insolvent German wind turbine group.

Alfanar said Senvion India will expand its capabilities to offer full EPC and O&M services as well as continuing to operate as “a fully-fledged” OEM in the market after it took 100% control. No financial details were disclosed.

The Saudi group’s energy and renewables president said: “Alfanar’s investment in Senvion India is a start towards the goal to be a major player in Indian energy sector through its services in the fields of renewable energy and grid substations.”