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Home » News » Wind Energy » Siemens Energy Faces Order Cancellations and Delays Without Guarantees Worth $15.8 Billion
Wind Energy

Siemens Energy Faces Order Cancellations and Delays Without Guarantees Worth $15.8 Billion

By Matthew WrightNovember 2, 20232 Mins Read
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Siemens Energy, the world's leading offshore turbine manufacturer, is at risk of order cancellations and delays unless it secures guarantees worth approximately 15 billion euros ($15.8 billion) to support its projects. This cautionary note comes from a top-20 investor, Ingo Speich of Deka Investment, which holds about 0.5% or $53 million worth of Siemens Energy

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Offshore Siemens Energy Siemens Gamesa Wind turbine
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Previous ArticleTurbine Shipment Marks Progress for Orsted and Eversource’s South Fork Wind Project
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