Siemens Energy gets state-backed 15-bn-euro rescue package

Siemens Energy has been facing problems at its wind power unit, Gamesa.

Siemens Energy will receive a 15-billion-euro ($16.3-billion), state-backed rescue package, Berlin said Tuesday, as the German group struggles to overcome a crisis in its wind power unit.

The company’s Gamesa subsidiary has faced long-running technical problems with its onshore wind turbines,…

Continue Reading


News Source: techxplore.com


Posted

in

by

Tags: