Page 5 - Jochen Eickholt News Today

International energy firm Siemens Energy has experienced a significant setback, disclosing that up to 30 percent of its wind turbines could be malfunctioning. According to Siemens Gamesa CEO Jochen Eickholt, the company believes between 15 percent and 30 percent of its installed fleets are suffering from component failures – prompting Siemens Gamesa to retract its […]

Siemens Energy AG has established an internal taskforce and supervisory board committee after a string of quality problems with its wind turbines

Siemens Energy's board has set up a task force to establish the scope of deepening problems at its crisis-ridden wind turbine division.

Siemens Energys management board has set up a task force to establish the scope of deepening problems at its crisis-ridden wind turbine division, including quality issues at its two most recent...

Wind turbines make money when they spin. But when they shake, it can cost billions. Siemens Energy AG is struggling to contain the fallout after

The only question is how far down the road we get before the plug gets pulled.

No country has ever gotten half its electricity from wind when averaged over a year. Not even Germany.

A record sell-off in Siemens Energy shares has laid bare a major loss of confidence by investors in the group's ability to fix its struggling wind turbine division, leaving them fearful of what else to expect down the road.

Siemens Energy AG slumped by a record over escalating issues at Siemens Gamesa Renewable Energy SA, the latest in a long line of costly problems uncovered at the wind turbine unit. The shares plummeted as much as 36% after the Spanish division uncovered worse-than-expected quality flaws at its onshore wind turbines, delaying turnaround efforts. Siemens Energy, scrapping its annual profit guidance, warned that additional costs may exceed €1 billion ($1.1 billion).

Wind turbine builder Siemens Gamesa has warned previously that it faces large costs in connection with durability issues in its legacy fleet, but the...