Posted on November 15, 2024
Siemens Energy’s wind turbine unit still expects break even in 2026 after resuming turbine sales of the 5MW platform next year
Losses at Siemens Gamesa narrowed in its fourth quarter of its 2024 fiscal year as costs due to the known quality issues at the Siemens Energy unit’s 4 and 5MW onshore wind turbine platforms and ramp-up challenges in the offshore area continued to drag on results.
Orders were moderately down, by 2.8%, to €4.15bn ($4.4bn) in the fourth quarter that ended in September, compared to the same period a year earlier, as an increase in the offshore business didn’t offset declines in the onshore and service areas. READ MORE
