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Shares in Siemens Energy and its wind business tumble after profit warning

The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.

Wind power risks becoming too cheap, says top turbine maker

The head of Siemens Gamesa warned on Wednesday that a decade-long race to bring down the cost of generating wind power could not continue, as it would reduce the financial muscle of turbine producers to continue investing in new technologies.

Siemens Energy : Gamesa shares plunge 17% after profit warning

Siemens Energy : Gamesa shares plunge 17% after profit warning
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Siemens Gamesa CEO says U S election outcome positive for wind market

By Reuters Staff 1 Min Read MADRID (Reuters) - The election of U.S. President Joe Biden will be very positive for the future of the wind energy market in the United States, the Chief Executive of turbine maker Siemens Gamesa said on Friday. “The U.S. election will have a very positive outcome for the U.S. market in offshore and onshore wind, we believe,” Chief Executive Andreas Nauen told analysts on a conference call. Reporting by Isla Binnie, Editing by Inti Landauro

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