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Siemens Gamesa

European shares end higher

European shares end higher

Published 24 May, 2022 05:35am
LONDON: European shares ended decidedly higher on Monday as an unexpected rise in German business morale underscored...
European bourses sink

European bourses sink

Published 16 Jul, 2021 04:34am
AMSTERDAM/LONDON: Losses on Thursday knocked European shares 1.2% off all-time highs as a clutch of dismal earnings...
RWE to invest $4.1 billion in flagship UK offshore wind park

RWE to invest $4.1 billion in flagship UK offshore wind park

Published 24 Mar, 2021 09:43pm
  • The 1.4 gigawatt project, to be located 195 kilometres from Britain's North East coast, represents RWE's largest offshore farm and is expected to be completed by the fourth quarter of 2026.
  • Successfully developing a project of this size once again demonstrates our expertise and positive track-record for delivering cost effective, innovative offshore wind energy around the globe.
Siemens Energy to cut 7,800 jobs in bid to raise margins

Siemens Energy to cut 7,800 jobs in bid to raise margins

Published 02 Feb, 2021 11:49am
  • Most of the cuts will be implemented by 2023, Siemens Energy said, adding that they will incur estimated restructuring costs in a mid- to high-triple-digit million euro range for the fiscal years 2020 to 2023.
Biden election to fan US wind industry, Siemens Gamesa predicts

Biden election to fan US wind industry, Siemens Gamesa predicts

Published 29 Jan, 2021 07:21pm
  • Prior to Biden's victory, the United States was expected to add about 10 gigawatt of onshore wind power every year.
  • That situation had "clearly changed", he added, forecasting opportunities despite a pledge by Biden to buy American-made goods.
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