Energy Economy

29 Dec 2020

Siemens Energy has No Plans to Sell Siemens Gamesa

29 Dec 2020  by Reuters   

Siemens Energy CEO Christian Bruch has said that there are no plans to sell all or parts of Siemens Gamesa, the company’s wind power arm.

Photo (for illustrative purposes): Siemens Gamesa HQ / Zarateman / Wikimedia / CC0 1.0

The statement was made to German business newspaper Handelsblatt, following earlier reports it had received approaches for the wind turbine business.

“No, there are no plans currently to do that,” Bruch was quoted as saying. “Wind power and therefore Siemens Gamesa is an integral part of our strategy.”

Spanish newspaper Expansion earlier this month cited financial sources as saying that Mitsubishi Heavy Industries and Shanghai Electric had approached Siemens to assess its willingness to sell.

Siemens Energy, which was spun off from former parent Siemens, holds 67% of Siemens Gamesa, the world’s second-largest wind turbine maker after Denmark’s Vestas.

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