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Siemens Energy

  • Thursday, 17 April, 2025
    Siemens Energy expects €1bn profit amid surging electricity demand

    Maker of gas turbines had expected to break even but decarbonisation and AI data centres powered revenues

    Siemens Energy’s gigafactory in Berlin
  • Wednesday, 12 February, 2025
    EU ‘completely overshooting’ on green rules, Siemens Energy boss warns

    Brussels faces backlash over regulations as Donald Trump’s agenda deepens concerns over region’s competitiveness

    Wind turbine blades waiting to be loaded on to a ship at the Siemens Gamesa factory in Hull, UK
  • Monday, 2 December, 2024
    Lex
    Siemens Energy outrallied Nvidia this year. There is more to come

    The German group’s comeback does not end here

    An employee works on an assembly line at Siemens Energy's gigafactory in Berlin, Germany.
  • Wednesday, 13 November, 2024
    Siemens Energy posts €1.3bn profit as turbine crisis eases

    German energy technology group’s shares close up almost 19% as it upgrades medium-term targets

    A row of Siemens AG wind turbines is seen operating on a wind farm in Marshalltown, Iowa
  • Tuesday, 2 July, 2024
    Siemens Energy plans 10,000 hires as it earmarks €1.2bn to boost electricity grid unit

    Orders are surging but capital markets are becoming reluctant to fund infrastructure projects

    The BorWin3 converter station in Emden at night
  • Wednesday, 8 May, 2024
    Siemens Gamesa
    Siemens Energy announces new chief and job cuts to revive wind business

    Shares rise 13% after fourfold rise in quarterly group operating profit

    A wind turbine at a Siemens factory in Cuxhaven, Germany
  • Tuesday, 21 November, 2023
    Siemens Energy plans €400mn in cuts at struggling wind turbine business

    Move comes after group was forced to accept €15bn state-backed rescue package

    Wind turbine blades at a Siemens plant in Le Havre, France
  • Wednesday, 15 November, 2023
    Siemens Energy to restructure wind turbine business after steep losses

    German clean energy group does not see unit returning to profitability until 2026

    A Siemens Gamesa wind turbine blade factory in Hull, northeast England
  • Tuesday, 14 November, 2023
    Siemens Energy’s €15bn rescue package underwritten by German government

    Deal is vital to sustaining a €110bn portfolio of clean energy projects planned by the company

    An entrance to a Siemens plant in Berlin
  • Tuesday, 14 November, 2023
    Wind power
    Hedge funds profit from bets against troubled wind energy stocks

    Short bets reflect broader loss of enthusiasm for green energy stocks

    A wind farm in Switzerland
  • Thursday, 26 October, 2023
    Lex
    Siemens Energy: turbine trouble pops the renewables bubble

    The installation of wind turbines is just as prone to cost overruns as conventional infrastructure

    A wind turbine blade being manufactured at the Siemens Gamesa factory in Hull, UK
  • Thursday, 26 October, 2023
    Siemens Energy seeks government guarantees as wind crisis deepens

    Shares in German group plunge as it also looks at ways of strengthening its balance sheet

    Siemens’ headquarters in Munich
  • Monday, 7 August, 2023
    Siemens Energy warns of €4.5bn loss from ailing wind turbine division

    German group lays bare scale of problems at one of Europe’s largest wind turbine businesses

    A model of a wind turbine with the Siemens Gamesa logo
  • Thursday, 27 July, 2023
    Siemens Energy turbine travails deal latest setback to wind sector

    Costly fix to quality flaws at subsidiary Siemens Gamesa threaten sector hit by rising costs and competition

    A montage of Christian Bruch, chief executive officer of Siemens Energy,  Jochen Eickholt, chief executive of Siemens Gamesa, and a Siemens Gamesa 5.X wind turbine
  • Friday, 23 June, 2023
    Siemens Energy shares plunge after wind turbine problems deepen

    Frankfurt-listed group says it may need to spend over €1bn fixing technical faults

    A Siemens Gamesa wind turbine
  • Friday, 23 June, 2023
    LexWind power
    Siemens Energy: hurricane warning highlights industry-wide headwinds Premium content

    Sector is struggling in the face of stretched supply chains and competitive pricing

    A model of a wind turbine with the Siemens Gamesa logo
  • Wednesday, 8 February, 2023
    Business InsightOlaf Storbeck
    Germany’s biggest value creators and destroyers

    Over 20 years, Siemens has led the way while Deutsche Bank languishes at the bottom

    A Mireo Plus H hydrogen-powered train by Siemens
  • Friday, 2 September, 2022
    EU energy
    Russia indefinitely suspends Nord Stream pipeline to Europe

    Move follows G7 agreement to introduce price cap on Russian oil exports

    A Gazprom logo at a petrol station in Moscow
  • Wednesday, 3 August, 2022
    EU energy
    Gazprom blames sanctions on key turbine for limiting gas flow to Europe

    Comments raise fears Russian supplies to Germany could drop to zero

    Olaf Scholz touches a turbine of the Nord Stream 1 pipeline
  • Monday, 23 May, 2022
    Renewable energy
    Siemens Energy warns on wind costs ahead of Gamesa acquisition

    Group’s chief says market is ‘in dire straits’ because of surging raw material prices

    A model of a wind turbine with the Siemens Gamesa logo
  • Wednesday, 18 May, 2022
    Siemens Gamesa
    Siemens Energy considers full takeover of Siemens Gamesa

    German group weighs offer for all outstanding shares in beleaguered Spanish wind subsidiary

    Wind turbine blades at the Siemens Gamesa Renewable Energy SA plant at the Port of Le Havre, France
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