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
CNBC Siemens Gamesa Renewable Energy (SGRE) has released details of a 14-megawatt (MW) offshore wind turbine, in the latest example of how technology in the sector is increasing in scale. With 108-meter-long blades and a rotor diameter of 222 meters, the dimensions of the SG 14-222 DD turbine are significant. In a statement Tuesday, SGRE said that one turbine would be
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
The Baker Hughes GE conflicts committee approved a series of agreements following the negotiations with GE. GE’s board also has approved the agreements, the companies said. Source: Baker Hughes, a GE Company – SEC filing Nov. 14, 2018 In brief: BHGE and GE agreed on a release from the lock-up restrictions under their stockholders’ agreement that previously prevented GE from
Cheniere Energy Inc. (NYSE: LNG) announced today that it has reached a positive FID and plans to continue the construction of its third liquefaction train for its LNG facility in Corpus Christi, Texas. Baker Hughes, a GE company (NYSE: BHGE), will be supplying the turbomachinery equipment for this expansion. This FID represents the first for new LNG capacity in the
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