Siemens Energy Talks on Loan Guarantees Are Still Ongoing financialpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialpost.com Daily Mail and Mail on Sunday newspapers.
Siemens Energy's production has been suffering from massive quality problems. According to a report, customers will now have to wait longer for wind turbines. If hidden design flaws are discovered, repair costs could rise to more than the previously known sum of over one billion euros. Siemens Energy withdrew its forecast for the current fiscal year 2022/23 after the extent of quality problems with land turbines of both older and new design turned out to be greater than previously thought. Since June 22, the paper has lost a good 30 percent of its value.
Chancellor Olaf Scholz on Wednesday accused Russia of blocking the delivery of a turbine needed to keep gas flowing through the Nord Stream 1 pipeline to