Siemens Energy Q1 Net Loss Widens, Cuts FY23 View; Stock Down
(RTTNews) - Shares of Siemens Energy AG were losing around 5 percent in German trading after the energy development company reported Tuesday wider...
Source: businessinsider.com
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Wind-Power Makers Suffer Huge Losses, Want To Abandon Major Project
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Source: zerohedge.com
Wind winding down?
Sometimes it’s funny how coming across an article will make you smile because of a memory triggered by some aspect of it. That happened yesterday, and again today, when I came across these piece...
Source: hotair.com
Siemens Gamesa Sees Way Out with Siemens Energy Integration, US and EU Clean Energy Commitments
As reported last month, Siemens Gamesa Renewable Energy posted a significant net loss for its Q1 2023 (October–December 2022), mainly due to specific components' failure rates, and its net financial debt totalled EUR 1.9 billion as of 31 December 2022. However, looking long-term, the company sees a light at the end of the tunnel driven by, among other things, the potential integration into Siemens Energy, as well as the Inflation Reduction Act (IRA) in the US and the EU's REPowerEU.
Source: offshorewind.biz
Massive green energy company reports nearly $1 billion in losses, calls for 'further governmental action'
Siemens Gamesa, one of the largest global providers of wind turbines, reported Thursday that it had lost a staggering $967 million over the course of just three months.
Source: foxnews.com