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Siemens Gamesa

All articles tagged with #siemens gamesa

business1 year ago

"Siemens Energy Reports $1.55B Net Profit in Q1 Amid Order Surge"

Siemens Energy reported a 1.58 billion euro net profit in its first fiscal quarter, driven by a surge in orders and the sale of its stake in its Indian affiliate to parent company Siemens. The company's order backlog reached a record high of 118 billion euros, with a strong performance in its grid technologies division. Despite a tough 2023 due to quality issues at Siemens Gamesa, the company's Chief Financial Officer expressed optimism about the momentum shown across its businesses and the expectation for continued growth.

via CNBC|
#business#orders-surge#profit
energy2 years ago

Siemens Energy's Wind Turbine Woes Cause Stock Slump and Industry Concerns

Wind turbine builder Siemens Gamesa has discovered a "substantial increase in failure rates of wind turbine components" in its legacy fleet, with significant problems found in rotor blades and bearings in some of its onshore turbine models. The scope of the problem extends to 15-30 percent of the company's total installed fleet, and parent company Siemens Energy has suspended its profit guidance, noting the possibility of more than $1 billion in extra costs. The maintenance troubles at Siemens Gamesa could exacerbate the already-serious supply chain and inflation issues facing wind farm developers.

via The Maritime Executive|
#energy#legacy-fleet#maintenance-issues
energy2 years ago

Wind Turbine Woes: Siemens Energy and Gamesa Face Severe Problems.

Siemens Gamesa Renewable Energy has discovered that its wind turbine fleet has much bigger problems than it thought, which could take years to fix. The company's Spanish division found that its onshore wind turbines had worse-than-expected quality flaws, and it will have to fix flaws in rotor blades and bearings, ranging from component failures to small cracks. As a result, Siemens Gamesa has scrapped its annual profit guidance and warned that additional costs to rectify its problems could be more than $1.1 billion.

via Electrek.co|
#clean-energy#energy#profit-guidance
business2 years ago

Siemens Energy and Gamesa face challenges with Q2 losses and adjusted outlook.

Siemens Energy's full-year financial performance expectations have been muted due to ongoing issues at wind turbine giant Siemens Gamesa, which widened its loss for the group's second quarter to €374m ($406m) before special items from a deficit of €301m a year earlier. Siemens Gamesa's profitability is being burdened by inflation, supply chain challenges, ramp-up of offshore activities, and onerous projects. The turbine manufacturer is continuing to implement a turnaround plan to address these challenges.

via Recharge|
#business#financial-performance#siemens-energy