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Siemens Energy shakes up troubled wind unit after strong results

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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 as the provider of power equipment emerges from its biggest crisis to date.

An offshore wind turbine of the Siemens Gamesa company is seen from the Telde coast on the island of Gran Canaria, Spain, May 2, 2022. REUTERS/Borja SuarezNow expects 2024 sales to grow by 10-12%FRANKFURT/DUESSELDORF, May 8 -

As part of the changes, which will include unspecified job and capacity cuts, board member Vinod Philip will become the new CEO of wind turbine unit Siemens Gamesa from August, the group said, adding it was time for a generational change. Siemens Energy said it would resume sales of revised versions of its 4.X turbines in Europe by the end of September, adding the 5.X platform was expected to re-enter the market next year. Both models are currently not being sold.

Source: News Formal (newsformal.com)

REPI:GRID-INFRASTRUCTURE REPI:WIND RSBI:CLEAN-ENERGY BACT BIZ BOSS1 CEO1 CMPNY COM ENER ENFF ENG ENR JOB LAYOFS MNGISS NEWS1 NRG PPLMOV PUBL PWR PWRGEN RENE RENQ RENQ1 REORG RES RESF RNW RNWPWR WINPWR CEEU WEU EUROP EZC EMEA DE FIN MAN SUSTAINABLE-BUSINESS RULES:RESULTS TOPNWS TOPCMB WNDSYS ES MTPIX ELC ELCO ELCO08 ELCO1 ELEU ELUT ELUT1 INDG INDG08 INDS INDS08 MACH MACH08 PXP UTIL AMERS SCANDV US DK NORD NAMER

 

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