Siemens Gamesa Renewable Energy, S.A. (BME:SGRE) is expecting initial bids on Friday for the wind farm development unit it is looking to sell as it focuses on returning its core business to profitability, sources familiar with the matter told Reuters. A deal could be worth €300 million ($340 million) or more, they said. The bidders will be vying for a pipeline of projects with capacity of more than 3 gigawatts (GW) in Spain, France, Italy and Greece, and a team of some 50 staff, the sources said. In 2021, Chief Executive Andreas Nauen had said the company was "seeking to monetise" its development pipeline. The sources said the company had hired Bank of America to advise it on ways to do so and bidders were lining up to submit non-binding offers on December 17, 2021. Siemens Gamesa declined to comment. The deal value would likely be worth €250 million to €300 million, the sources said, although two of them said the company could pocket as much as €500 million for the assets.