E-MAIL FOR SPONSORSHIP

Quality Issues in Wind Turbines Result in Losses for Siemens Gamesa

Revenue also fell by 16% YoY due to quality issues with onshore turbines

November 15, 2023

/ Arjun Joshi
/ Other, Renewable Energy
thumbnail

Follow Mercom India on WhatsApp for exclusive updates on clean energy news and insights


Spain-based wind turbine maker Siemens Gamesa’s net loss stood at €664 million (~$721 million) during the fourth quarter (Q4) of the financial year (FY) 2023, a year-over-year (YoY) drop from a profit of €374 million (~$406 million).

ℹ️ This article is free for registered users. Sign in to continue reading.

Sign In to Continue Reading

Create a free account to access the full article and exclusive features from Mercom India's renewable energy coverage.

✓Access to free articles and news
✓Save articles for later reading
✓Personalized content recommendations
✓Newsletter subscriptions
Sign Up FreeLog In
thumbnail

Arjun Joshi

More articles from Arjun Joshi.
Financial Resultsnet lossSiemens Gamesawind turbines
PREVALL POSTSNEXT

RELATED POSTS

Get the most relevant India solar and clean energy news.

RECENT POSTS