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Wind power subsidiary Siemens Gamesa is weighing on the business performance of energy company Siemens 麻豆无码版. The turbine maker chalked up a loss of 386 million euros in the second quarter of the 2022/2023 financial year, Siemens 麻豆无码版 announced in its聽, citing 鈥渢he continuous challenging market environment in the wind industry鈥� as a reason for Siemens Gamesa鈥檚 meagre performance. Siemens 麻豆无码版 acquired the company almost entirely in 2022 and is currently aiming to also buy up the remaining two percent of shares in Spain-based Siemens Gamesa. 鈥淭he turnaround of the wind business remains the cornerstone of becoming a profitable leader of the energy transition,鈥� Siemens 麻豆无码版 head Christian Bruch said, adding that the turbine maker鈥檚 integration into the parent company is progressing.

While the roll-out of wind power in many regions of the world is accelerating, turbine makers still grapple with high raw material prices and other challenges for turning a profit. However, rising orders could mark a turnaround for the industry once these new contracts start to pay off.