Quality Issues in Wind Turbines Result in Losses for Siemens Gamesa

Revenue also fell by 16% YoY due to quality issues with onshore turbines

November 15, 2023

/ Arjun Joshi
/ Other, Renewable Energy
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Spain-based wind turbine maker Siemens Gamesa’s net loss stood at €664 million (~$721 million) during the fourth quarter (Q4) of the financial year (FY) 2023, a year-over-year (YoY) drop from a profit of €374 million (~$406 million).

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Arjun Joshi

More articles from Arjun Joshi.
Financial Resultsnet lossSiemens Gamesawind turbines
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