Close Menu
  • Home
  • News
    • Solar
    • Wind Energy
    • Bioenergy
    • Geothermal
    • Grid
    • Hydrogen
    • Hydropower
    • Ocean Energy
    • Politics
  • Climate
  • Energy Storage
  • Finance
  • Opinions
  • Peoples
  • Smart Energy
  • Transportation
  • Study
  • —
  • Account
  • Log In
Facebook X (Twitter) Instagram
  • About Us
  • Advertising
  • Privacy Policy
  • Contact
Facebook X (Twitter) LinkedIn WhatsApp
Account Tuesday, November 4
Energymagz
SUBSCRIBE Login
  • Home
  • News
    • Solar
    • Wind Energy
    • Hydropower
    • Hydrogen
    • Geothermal
    • Bioenergy
    • Ocean Energy
  • Region
    • Europe
    • North America
    • Asia
    • Africa
    • Middle East
    • Australia & Oceania
    • Latin America
  • Politics
  • Finance
  • Energy Storage
  • Grid
  • Climate
  • Peoples
  • Study
Energymagz
  • Wind Energy
  • Solar
  • Bioenergy
  • Geothermal
  • Hydropower
  • Ocean Energy
  • Hydrogen
  • Transportation
  • Smart Energy
Home » News » Wind Energy » Siemens Energy Secures EUR 7.5 Billion Government Guarantee Amid Wind Business Challenges
Finance

Siemens Energy Secures EUR 7.5 Billion Government Guarantee Amid Wind Business Challenges

By Philip BrooksNovember 15, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
Credit: Siemens Gamesa
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

Siemens Energy AG has received a EUR 7.5 billion (USD 8.04 billion) guarantee from the German government. This financial support comes in the wake of the company's recent announcement of a net annual loss of EUR 4.59 billion, overshadowed by underperformance in its wind sector. The German government's commitment is part of a larger EUR

To continue reading this article, please subscribe:

Monthly Plan

Price: $30 / month

Features:

  • Full access to all renewable energy news and analysis
  • Exclusive expert interviews and industry reports
  • Daily newsletter with latest updates
  • Access to multimedia content (videos, podcasts)
  • Commenting and community engagement

Sign Up

Annual Plan

Price: $300 / year (Save 17%)

Features:

  • Everything in the Monthly Plan
  • 2 months free compared to monthly subscription
  • Priority access to special reports and webinars
  • Early access to newsletters and featured articles
  • Exclusive members-only content and events

Sign Up

Already a subscriber? Log in here:

 
 
Forgot Password
Ember India Offshore Onshore Siemens Siemens Energy Siemens Gamesa Taiwan Wind Wind Energy
Follow on Flipboard Follow on X (Twitter) Follow on LinkedIn
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleEmeren Group to Sell 29 MWp Solar Projects in Spain to Rubis Photosol
Next Article Intersect Power’s 679MW Oberon Solar Project Achieves Commercial Operation in California

Related Posts

Nordex Reports Q3 Core Profit Amid Completion of Lucrative Wind Projects

November 14, 2023 Finance

Siemens Energy’s Onshore Wind Turbine Woes Could Potentially Incur 4.5 Billion Euros in Costs

August 24, 2023 Smart Energy

Eolus Vind and Other Wind Farm Developers Address Concerns Surrounding Siemens Gamesa Turbines

June 29, 2023 Wind Energy

Financial Support Crucial for Wind Turbine Makers in Decarbonization Efforts, says Siemens Gamesa Executive

May 23, 2023 Finance

Formosa 2 Offshore Wind Farm Inaugurated in Taiwan

May 17, 2023 Wind Energy

Siemens Gamesa Records €760 Million Loss in Q1 Due to Unexpected Turbine Component Failure Costs

January 21, 2023 Wind Energy
Latest Post

Simply Blue Secures Strategic Investment from Kansai Electric to Expand Offshore Wind Portfolio

October 31, 2025

Topsoe Opens Europe’s Largest Solid Oxide Electrolyser Manufacturing Plant in Denmark

October 31, 2025

R.Power Begins Construction of 55MW Solar Park in Romania

October 31, 2025

Fugro Q3 EBITDA Falls Amid Offshore Wind Weakness and Oil, Gas Delays

October 31, 2025

Peel Ports Pledges Additional £10 Million Investment at Great Yarmouth Site

October 31, 2025
Facebook X (Twitter) LinkedIn WhatsApp

News

  • Wind Energy
  • Solar Energy
  • Hydropower
  • Hydrogen
  • Geothermal
  • Bioenergy
  • Ocean Energy

Region

  • Europe
  • North America
  • Asia
  • Africa
  • Middle East
  • Australia and Oceania
  • Latin America

Friends

  • EVMagz
  • Pivle
  • SpaceMagz
  • Teknowire
  • Smashresume
  • Smashfreakz

EnergyMagz

  • About Us
  • Advertising
  • Privacy Policy
  • Cookie Policy
  • Contact

Subscribe to Updates

Subscribe for the latest in renewable energy from Energymagz.

© 2025 EnergyMagz. Designed by EnergyMagz.

Type above and press Enter to search. Press Esc to cancel.

Sign In or Register

Welcome Back!

Login to your account below.

Lost password?