IPFS News Link • Energy
Siemens Energy warns of €4.5bn loss from ailing wind turbine division
• Alarabiya NewsSiemens Energy expects to rack up a €4.5bn loss this year as the German group struggles to fix its ailing wind turbine business. The Dax-listed group warned investors on Monday that resolving issues at the wind turbine division, which has been beset by technical problems as well as the inflationary pressures afflicting the rest of the industry, will prove costlier than expected.