A major shareholder has warned Siemens Energy AG against selling its struggling wind division, saying the company should not “squander” the business at a discount.
Siemens Energy’s CEO Christian Bruch said the company sees limited synergies between its offshore and onshore wind divisions, reflecting uncertainty over the struggling onshore unit. Siemens Gamesa, the company’s wind arm, posted a €1.36 billion operating loss for the fiscal year ending September, still recovering from a quality crisis two years ago.
Siemens Energy AG is focusing on significant cost reductions and accelerating its offshore wind activities to achieve profitability at its struggling Siemens Gamesa division, company executives revealed during a recent analyst briefing.
26 Feb 2026-13:59
14 Nov 2025-12:57
