Siemens Gamesa Archives - Oil & Gas 360

Offshore wind powerhouse Siemens Gamesa sees its value nearly halve in a year

February 3, 2022

CNBC Siemens Gamesa Renewable Energy has cut its guidance for the coming year after a turbulent period that has seen its market capitalization nearly halve. The wind turbine manufacturer on Thursday said it continued to be “challenged by market dynamics,” as supply chain disruptions weighed on results. Between October and December 2021, the company said revenue fell to 1.83 billion euros

Wind turbine giant Siemens Gamesa lays out plan to drive down cost of ‘green’ hydrogen

June 10, 2021

CNBC So-called “green” hydrogen production using onshore wind turbines could achieve price parity with fossil-based hydrogen by the year 2030, according to a white paper from Siemens Gamesa Renewable Energy. In a statement on Wednesday the firm — a major player in wind turbines — also said that green hydrogen produced using wind from the offshore sector could achieve price parity

Siemens Gamesa confirms outlook after 15% first-quarter revenue jump

January 25, 2021

Reuters MADRID – Wind turbine maker Siemens Gamesa reiterated its sales and profit margin targets on Monday after first-quarter revenue jumped 15% to 2.3 billion euros ($2.8 billion). The company had said in November that it expected sales of between 10.2 billion euros and 11.2 billion euros for the year to Sept. 30, 2021, with its margin on earnings before

Siemens Gamesa confident of return to profitability but shares slide

August 27, 2020

Reuters MADRID – Wind turbine maker Siemens Gamesa (SGREN.MC) said its profit margins are set to rebound after a slump exacerbated by the pandemic and its onshore unit should break even in 2022, but its short-term targets disappointed financial markets. In its first strategy presentation since Andreas Nauen took over as CEO in June, the German-Spanish company forecast on Thursday

Offshore wind project near Virginia Beach to use giant turbines with 108-meter blades

May 27, 2020

CNBC A vast offshore wind project planned for waters off the coast of Virginia Beach looks set to use Siemens Gamesa Renewable Energy’s latest wind turbines, it was announced Tuesday. The European company said that the 2.64 gigawatt (GW) Dominion Energy Coastal Virginia Offshore Wind commercial project will utilize its SG 14-222 DD turbine. Dominion Energy has previously described the scheme as the

Coronavirus continues to impact the wind energy sector as Germany’s Nordex withdraws guidance

May 6, 2020

CNBC Nordex has become the latest wind turbine manufacturer to withdraw guidance for the 2020 financial year, in another example of how the coronavirus pandemic is disrupting the renewable energy sector. In a statement issued Tuesday the German company said its performance in the first quarter of 2020 had “improved substantially in line with expectations” compared to the same period

Huge offshore wind project near Virginia selects turbine supplier

January 8, 2020

CNBC Siemens Gamesa Renewable Energy (SGRE) has been chosen as the preferred turbine supplier for the 2.64 gigawatt (GW) Dominion Energy Virginia Offshore Wind project. The site of the project is 27 miles off the coast of Virginia and covers an area of 112,800 acres. In an announcement Tuesday, Dominion Energy described the scheme as the “largest offshore wind power

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