In a strategic move to stem losses and return to profitability, Siemens Energy AG is putting its India wind turbine business, part of its subsidiary Siemens Gamesa Renewable Energy, up for sale.
Siemens Gamesa is expecting to break even by 2026 and is now choosing to focus only on the US and European markets. Mumbai: Looking to cut losses and return its wind turbine business to ...
Siemens Gamesa CEO Eickholt to step down by end-July To resume 4.X sales in Europe by end-September Now expects 2024 sales to grow by 10-12% Q2 profit before special items up more than fourfold ...
FRANKFURT/DUESSELDORF: Siemens Energy will replace the boss of its troubled wind turbine division after little more than two years in the job, the company said on Wednesday, also flagging job and ...
Siemens Energy SMNEY unveiled sweeping changes at its struggling wind division on Wednesday, including job cuts and a new CEO, tightening its grip on a loss-making business as the provider of ...
(Bloomberg) — Siemens Energy AG shares jumped 14% after the company signaled its lucrative gas and electric grid businesses were no longer burdened by ongoing losses at its struggling wind-turbine ...
Problems with manufacturing faults at Siemens Gamesa forced the parent company to a 4.6 billion euro loss for the fiscal year. An investigation into quality issues was launched at the wind turbine ...
FRANKFURT/DUESSELDORF (Reuters) - Siemens Energy unveiled sweeping changes at its struggling wind division on Wednesday, including job cuts and a new CEO, tightening its grip on a loss-making ...
FRANKFURT/DUESSELDORF (Reuters) - Siemens Energy unveiled sweeping changes at its struggling wind division on Wednesday, including job cuts and a new CEO, tightening its grip on a loss-making business ...
India’s wind energy sector has been facing headwinds as banks are wary of lending to developers as they suspect the viability of projects that have agreed to sell power at rock-bottom tariffs.