Siemens Energy CEO: fixing onshore wind business will take years
FRANKFURT (Reuters) -Siemens Energy is confident it can solve quality issues at its onshore wind division but that process could take several years, its CEO said in written remarks published ahead of the group's annual general meeting (AGM). At the heart of the problem are quality issues with the group's newer generations of onshore wind turbines, the 4.X and 5.X platforms, with Bruch saying that fixing the problems will probably take several years. Siemens Energy is scheduled to hold its AGM on Feb. 26, with investors expected to slam the group for a share price plunge in the wake...