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- Reuters
Siemens Gamesa's CEO-designate eyes onshore wind development to fix quality problems
The designated boss of Siemens Energy's troubled wind turbine division will review whether onshore product cycles should be longer, suggesting that current development time may be too short. Short product cycles and the limited testing and rushed development that they entail have been cited as key reasons for why Siemens Gamesa's newest onshore turbines have been hit by quality issues, causing the group's biggest crisis to date last year. "Typically, when you talk about offshore wind platforms, these are generally speaking five- to seven-year journeys to develop," said Vinod Philip, who replaces Jochen Eickholt as Siemens Gamesa's CEO from Aug. 1.
- POWER Magazine
Siemens Gamesa Changes CEO, Announces Job Cuts as Part of New Focus
Siemens Energy announced an overhaul of its struggling wind power division on May 8, unveiling plans for a new CEO for its wind turbine business and also saying job cuts […]
- Reuters
Siemens Energy's struggling wind unit plans $436 million in cost cuts
FRANKFURT/DUESSELDORF (Reuters) -Siemens Gamesa, the struggling wind division of Germany's Siemens Energy, plans to cut costs by around 400 million euros ($436 million) by 2026, the group said during its much-awaited capital markets day on Tuesday. The goal was to "simplify organization and optimize overhead costs" while the Siemens Gamesa's onshore wind turbine capacity is to be adjusted according to a refined product and market roadmap, according to presentation slides said. "The turnaround of Siemens Gamesa remains our highest priority and we now have a defined path and action plan to reach break-even for the wind business in fiscal year 2026 and to return to profitability thereafter," Siemens Energy CEO Christian Bruch told analysts.
