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Siemens Energy CEO: 'Were we misled or in error over Siemens Gamesa? Neither' - Recharge

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Siemens Energy CEO: 'Were we misled or in error over Siemens Gamesa? Neither' | Recharge

Siemens Energy CEO Christian Bruch repeatedly claimed that technical issues to key Siemens Gamesa turbine platforms were “impossible to predict” as shareholders demanded to know why they weren’t spotted during a $4bn full takeover of the wind OEM.

Bruch was asked multiple times by investors during Siemens Energy’s annual meeting today (Monday) how the quality problems afflicting Siemens Gamesa’s 4.X

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Related Knowledge Center: ENERGY BASICS: renewables

State of Play

Renewable energy sources — once the fuel of the future, then practical in specific, narrow applications — are increasingly economic mainstream sources of power generation. Hydropower was long the mainstay of U.S. renewable electricity generation, although wind power surpassed hydro for the first time in 2019, and solar continues its rapid growth. The continued growth of wind and solar, with their fluctuations, is tied in part to improvements in storage technology: batteries.

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