Siemens Energy has seen success in 70% of businesses in the fourth quarter as its wind company continues to struggle.
Siemens Energy is considering closing offices and manufacturing sites to address its loss-making wind turbine business, according to reports.
A number of US law firms are reportedly investigating the potential for class action lawsuits against Siemens Energy after the disclosure of turbine failures prompted a collapse of its stock.
Siemens Energy AG is scrutinizing its wind business for a strategic reset after heavy costs related to ongoing problems with turbines roughly quadrupled the company’s expected annual loss to €4.5 billion ($5 billion).
Siemens Energy is establishing an internal taskforce as well as supervisory board committee after a string of quality problems with its wind turbines triggered a record share price drop, a person familiar with the matter said.
Siemens Energy AG is struggling to contain the fallout after discovering a main piece on the frame of its wind turbine can move or twist over time.
Siemens Energy stock prices have dropped by record numbers following growing issues at Siemens Gamesa Renewable Energy.
AIS Survivex has secured a contract with renewables company, Siemens Gamesa Renewable Energy, to deliver training across its UK workforce.
A new report from Moody’s finds that wind turbine manufacturers are struggling with margins, despite buoyant long-term forecasts for the sector.
With Siemens Energy AG taking full control of its troubled Gamesa unit, executives finally have a clear path to fix a business that’s delivered three years of straight losses.
Annual emissions of the super-destructive greenhouse gas sulphur hexafluoride (SF6) equate to the annual carbon dioxide CO2 emissions of a staggering 100million cars.
Chinese yard Dajin Offshore Heavy Industry will supply wind towers for Ocean Winds’ Moray West offshore wind farm in Scotland after winning a subcontract from Siemens Gamesa.
Siemens Gamesa and Hai Long Offshore Wind Project signed two agreements at the Energy Taiwan trade fair in Taipei on Thursday marking Siemens biggest deal in the country.
Nearly 3000 people are set to lose their jobs as wind turbine maker Siemens Gamesa (BME: SGRE) plans to return to profitability.
Equinor will only install seven of the 11 floating wind turbines planned for its Hywind Tampen project this year, as supply chain issues force commissioning to be pushed back.
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).
SSE Renewables and Siemens Gamesa have unveiled plans to produce and deliver green hydrogen in the Highlands.
Delays at the 450 megawatt (MW) wind project off the Fife coast have pushed its completion date back to 2024, the developers said.
The Port of Nigg has been selected by wind turbine and services group Siemens Gamesa as its assembly and installation port for the Moray West offshore wind farm.
Global offshore wind supply crunch unlikely but some regions could face squeeze, says industry expert
There is a risk that offshore wind developers in “less favourable” markets could face a supply squeeze as global deployment accelerates.
A report from Robert Gordon University has won enthusiastic headlines. By 2030 it foresaw that “the offshore energy workforce mix is expected to change with over 65% of the workforce projected to support low carbon energy activities”.
SSE Renewables has installed the first completed turbine at its Gordonbush Extension in the Highlands.
Siemens Gamesa and Siemens Energy have promised to unlock a new era of offshore green hydrogen production with the creation of a “game changing” solution.
Siemens Gamesa has signed up for its first wind power project in Ethiopia with a commitment for 29 wind turbines.
WindEurope has elected Andreas Nauen, chief executive of Siemens Gamesa Renewable Energy (SGRE), as its chairman for the next 18 months.