Siemens Energy AG is in talks with the German government about securing as much as €16 billion ($16.9 billion) in state guarantees as problems at its wind-turbine unit spread to the rest of the business. Shares plummeted 40%.
Siemens Gamesa Renewable Energy (SGRE)
Recent Siemens Gamesa Renewable Energy (SGRE) turbine failures – which could end up costing the company more than one billion euros - have caused an understandable stir within the renewable sector.
Siemens Gamesa Renewable Energy delivered another cut to its earnings forecast, the latest sign of the headwinds hurting an industry vital to combat global warming and solve the energy crisis.
Siemens Energy will offer 4.04 billion euros ($4.27 billion) to buy the shares in Siemens Gamesa Renewable Energy it doesn’t already own, a long-awaited step in its efforts to turn around the troubled Spanish wind-turbine maker.
Siemens Energy is planning a bid for the shares of Siemens Gamesa Renewable Energy it doesn’t already own, a long-speculated step in its efforts to turn around the troubled Spanish wind-turbine maker, people familiar with the matter said.
SSE Renewables has agreed to buy a portfolio of nearly 4 gigawatts of European onshore wind projects from Siemens Gamesa Renewable Energy (SGRE) for €580 million (£483m).
Jochen Eickholt will replace chief executive Andreas Nauen in March, as the embattled turbine manufacturer reports its first quarter of earnings for 2022.
Siemens Gamesa Renewable Energy (SGRE) has contracted Mammoet to offload and assemble wind turbines at Djibouti’s Goubet project.
WindEurope has elected Andreas Nauen, chief executive of Siemens Gamesa Renewable Energy (SGRE), as its chairman for the next 18 months.
Danish wind turbine firm Vestas has hit the market top spot by breaking an industry record on installations worldwide, according to new analysis from Wood Mackenzie (Woodmac).
Wind turbine firm Siemens Gamesa has blamed a "challenging market" for up to 600 planned job cuts in Denmark.
Turbine giant Siemens Gamesa is understood to be considering the purchase of parts of troubled firm Senvion.
Wind turbine manufacturer Vestas is set to "outperform" the market in 2020, according to energy research firm Macquarie.
Wind turbine manufacturer Vestas has retaken the industry's top spot after leapfrogging Siemens Gamesa, according to new market research.
The global wind turbine supply chain will be worth more than £400 billion over the next ten years, according to energy analysts Wood Mackenzie (Woodmac).
The global offshore wind sector could be "worth £30 billion a year" to UK firms, a new offshore wind prospectus has claimed.
Danish wind developer Orsted has announced that it has signed the world's largest single turbine deal with Siemens Gamesa Renewable Energy (SGRE) for 165 turbines to supply the Hornsea Project Two wind farm.
Scottish energy minister Paul Wheelhouse has announced a Moray Firth wind development contract between Beatrice Offshore Wind Farm and Scottish firm Windhoist Group at All-Energy conference in Glasgow today.
A new European study is to discover the psychological and physiological effect of choppy waters on crew being transported to offshore wind farms.
Danish wind firm Ørsted has announced they will bring on Siemens Gamesa Renewable Energy as exclusive supplier for Hornsea Project Two.
Danish wind firm Ørsted has announced that full power has been achieved at its Race Bank development on the Norfolk coast.
The Basilicata region of Italy is to see two new wind projects as Siemens Gamesa has put pen to paper on two contracts to provide 23 onshore turbines.
The number of global orders for wind turbines has experienced a substantial decline since 2016.
The renewable energy arm of Siemens has signed deals with five major projects to supply 310 turbines across the United States.