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For Siemens Energy, the issues have steadily ballooned since the Gamesa takeover, which was troubled from the get-go. While Siemens was active in offshore wind power since 2004, it had little experience with onshore turbines. Corporate cultures clashed as the wind industry slid into a difficult phase it's not yet emerged from amid cut-throat competition. To combat rivals like Denmark's Vestas Wind Systems A/S, Siemens Energy rushed out a new onshore wind turbine, the 5.X. This proved disastrous with the device prone to breaking down because major components twist over time. Despite years of work, it still hasn't gotten to the bottom of the problems, compounded by the industry-wide crisis battling unprofitable contracts and increasing competition from cheaper Chinese products.

New yorkUnited statesVivek midhaSiemens gamesaJoe kaeserClaudia kemfertRobert habeckGerman institute of economic researchSiemens energyChief executive officer joe kaeserGerman instituteEconomic researchMinister robert habeckWhile siemensVestas wind systemsMilan nitzschke