Siemens Energy Reviews Wind Business After Earnings Hit
Siemens Energy is reviewing its wind business after taking a large hit to its earnings due to problems at its Siemens Gamesa unit.
Source: oilprice.com
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Siemens Gamesa sold 'insufficiently tested' wind turbines – CEO
Read Siemens Gamesa sold ‘insufficiently tested’ wind turbines – CEO and other wind energy news & analysis on Windpower Monthly
Source: windpowermonthly.com
Siemens Energy's shares slump as wind-turbine issues may cause $5 billion loss
Siemens Energy shares fell as much as 7% on Monday in volatile trade as the conglomerate warned of a €4.5 billion ($4.95 billion) annual loss due to trouble...
Source: marketwatch.com
Siemens Energy reviews wind business after earnings hit
The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.
Source: oilandgas360.com
WindAction | Siemens Gamesa chief: 'We sold wind turbines that were not sufficiently tested'
Siemens Gamesa sold wind turbines that ‘had not been sufficiently tested’ as it tried to get new products to the market too quickly, CEO Jochen Eickholt admitted, while the head of parent Siemens Energy, Christian Bruch, added that the manufacturer as part of an upcoming strategic review will place ‘stability and profitability before growth’. The mea culpa came as Siemens Energy posted a net loss of €2.9bn ($3.18bn) in the first three quarters of its financial year that ended in June – mainly caused by a €2.56bn loss ...
Source: windaction.org