The German government on Tuesday said it had decided to backstop Siemens Energy (ENR1n.DE) with guarantees worth 7.5 billion euros ($8.1 billion) as part of a deal with other stakeholders to help the troubled energy company fulfil its order book. Deepening problems at the firm’s wind turbine unit Siemens Gamesa and a subsequent move by … Continue reading German government supports Siemens Energy with $8 bln guarantees
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Siemens Energy Considering New Turbine Design to Improve Wind Energy Business
Siemens Energy AG is exploring the possibility of developing a new turbine to replace a system that has caused significant financial losses for its wind energy business. The company is looking for ways to shore up its beleaguered wind energy division, and creating a new turbine is one option being considered. According to sources familiar … Continue reading Siemens Energy Considering New Turbine Design to Improve Wind Energy Business
Continue readingSiemens Energy Addresses Quality Issues in Onshore Wind Turbines
Siemens Energy’s wind division, Siemens Gamesa, has resolved quality problems with its onshore wind turbines currently being sold to customers, according to CEO Jochen Eickholt. This announcement follows the recent revelation of 2.2 billion euros in charges related to the wind division, which has caused concerns among major shareholder Siemens AG. The charges include 1.6 … Continue reading Siemens Energy Addresses Quality Issues in Onshore Wind Turbines
Continue readingSiemens Energy to Face Consequences of Wind Turbine Issues
Siemens Energy, a German group, has announced a charge of 2.2 billion euros ($2.4 billion) due to quality issues related to its wind turbine unit, Siemens Gamesa. This charge will result in a net loss of 4.5 billion euros for the fiscal year ending in September 2023, significantly higher than what analysts had anticipated. The … Continue reading Siemens Energy to Face Consequences of Wind Turbine Issues
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Minority shareholders of Siemens Gamesa approve capital reduction, paving way for complete integration into Siemens Energy
Siemens Gamesa minority shareholders approved a capital reduction for the remaining 2.21% of shares not held by Siemens Energy in the Extraordinary General Meeting of Shareholders held on June 13, paving the way for a full integration of both companies. The capital reduction was approved by 98.21% of the minority shareholders attending in person or … Continue reading Minority shareholders of Siemens Gamesa approve capital reduction, paving way for complete integration into Siemens Energy
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RWE selects preferred suppliers for Denmark’s largest offshore wind farm
Siemens Energy to become main supplier for the onshore substation and HSM Offshore Energy for the substation at sea Early works agreements signed with both suppliers Thor will supply green electricity for more than one million Danish households RWE is further progressing with the deployment of its Thor offshore wind farm by selecting two preferred suppliers … Continue reading RWE selects preferred suppliers for Denmark’s largest offshore wind farm
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Vattenfall signs grid contract with Siemens Energy and Aker Solutions
Vattenfall has signed a contract with Siemens Energy and Aker Solutions AS to deliver grid connection infrastructure for the Norfolk Boreas Offshore Wind Farm off the British coast. The contract gives Siemens Energy and Aker Solutions the responsibility for engineering, procurement, construction and installation of the High Voltage Direct Current (HVDC) onshore and offshore substations … Continue reading Vattenfall signs grid contract with Siemens Energy and Aker Solutions
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Tierra del Fuego and MMEX jointly announce the potential development of a green hydrogen
Today, the Province of Tierra del Fuego and MMEX jointly announce the potential development of a green hydrogen project in the Río Grande area. The Governor of the Province of Tierra del Fuego, Mr. Gustavo Adrian Melella, announced that, “MMEX, a North American company with operations in Texas USA with extensive experience in the implementation, … Continue reading Tierra del Fuego and MMEX jointly announce the potential development of a green hydrogen
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Siemens Energy Will Connects New York Offshore Wind Farm to the Grid
Siemens Energy has been awarded its first offshore grid connection project in the U.S. In a consortium with Aker Solutions, the company will supply the high-voltage direct current (HVDC) transmission system that will bring green energy from Sunrise Wind, New York’s first utility-scale offshore wind project, to the mainland. It is the first offshore wind … Continue reading Siemens Energy Will Connects New York Offshore Wind Farm to the Grid
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Siemens to install 22 transformers at offshore wind farm in China
22 fluid-immersed distribution transformers for Yuhuan Offshore Wind Power Project.First 66 kV offshore wind farm supporting China’s goal of carbon neutrality by 2060.Siemens Energy will install 22 units of distribution transformers at China’s first commercial 66 kilovolts (kV) offshore wind farm, Yuhuan Offshore Wind Power Project Phase 1, located in Taizhou, Zhejiang Province, southeastern China. … Continue reading Siemens to install 22 transformers at offshore wind farm in China
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Siemens Gamesa and Siemens Energy to unlock a new era of offshore green hydrogen production
Projects target a total investment of approximately EUR 120 million over five years in developments leading to a fully integrated offshore wind-to-hydrogen solution. Projects are first major step to develop an industrial-scale system capable of harvesting green hydrogen from offshore wind energy. To reach the Paris Agreement goals, the world will need vast amounts of … Continue reading Siemens Gamesa and Siemens Energy to unlock a new era of offshore green hydrogen production
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Siemens Energy awarded major service contract to strengthen Kuwait’s power grid reliability
Kuwait’s Ministry of Electricity and Water (MEW) awarded Siemens Energy a contract to provide maintenance of 116 high-voltage substations. The five-year service contract represents Siemens Energy’s largest service agreement in the power transmission sector in the Middle East. The project aims to ensure reliable power supply throughout Kuwait. The substations will undergo maintenance to enhance … Continue reading Siemens Energy awarded major service contract to strengthen Kuwait’s power grid reliability
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