Siemens will sell its share in Windar Renovables to the UK’s Bridgepoint: Siemens Gamesa signed an agreement to sell its 32% stake in Spain-based renewable semiconductor manufacturing firm Windar Renovables — owned by the Daniel Alonso Group — to London-headquartered private investment firm Bridgepoint, Reuters reports. The sale comes as the company pivots to focus on its core business of wind turbine design, manufacturing, installation, and maintenance, a company spokesperson for Gamesa parent company Siemens Energy told reporters on Sunday. The price tag of its planned stake sale was not disclosed.

Siemens has been making moves in our neck of the woods: Siemens Energy inked an agreement with UAE-based Brooge Energy back in February to jointly develop a solar energy plant in Abu Dhabi, and earlier that month its subsidiary Siemens Gamesa was in talks with Egypt’s Electricity and Renewable Energy Ministry to explore potential cooperation on green hydrogen and renewable energy projects in the country. Gamesa is a major player in Egypt’s wind energy sector, and is involved in the 500 MW Gulf of Suez wind farm — formerly known as the Ras Gharib wind plant, the 250 MW West Bakr wind farm, and the 220 MW Gabal El Zeit 2 wind project in the Gulf of Suez.

---

An EV minerals spree by Ford: US automaker Ford Motor announced several agreements for battery-grade lithium under its plan to push EVs production in next few years, CNBC reports, citing a presentation by the company. The automaker has an ambitious plan to manufacture EVs at a rate of 2 mn annually by 2026. Both Albemarle and Nemaska Lithium will supply Ford with over 100k metric tons and up to 13k tons of lithium hydroxide over a period of five to 11 years, respectively. Other agreements include one with Compass Minerals for battery-grade lithium carbonate, and another with EnergySource Minerals for lithium hydroxide.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

• Norway is facing backlash from environmentalists for calling on fossil fuel companies to ramp up exploration in the Arctic Barents Sea as part of state plans to auction a record 92 gas and oil blocks in the country’s territorial waters. (CNBC)