Siemens Gamesa, a leading member of Aalborg Renewables, has received a significant investment of DKK 162.2 million from the Green Investment Fund. The funding was announced by Minister of Industry, Business and Financial Affairs Morten Bødskov and marks a major step forward for green technology in Aalborg. Siemens Gamesa Wind Turbine The investment will facilitate…
Siemens Gamesa, the wind turbine division of Siemens Energy, plans to reduce its workforce by approximately 4,100 jobs, representing around 15% of its total staff. This decision was communicated by the division’s Chief Executive, Jochen Eickholt, in an internal letter to employees on Tuesday. Eickholt highlighted the need for significant adjustments due to lower business…
Siemens Energy AG is selling its Indian wind turbine business, a subsidiary of Siemens Gamesa Renewable Energy, in a strategic move to address ongoing losses and aim for profitability. The Indian unit, which generates $700 million in annual revenue, is valued at $1 billion. Barclays has been appointed to manage the sale process, and potential…