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Wind Turbine Component Failures Result in Steep Q3 Loss for Siemens Gamesa

The company generated a revenue of €2.05 billion (~$2.2 billion), a YoY sink of 16%

August 8, 2023

/ Gautamee Hazarika
/ Markets & Policy, Wind,
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Spain-based wind turbine maker Siemens Gamesa’s net loss stood at €2.56 billion (~$2.8 billion) during the third quarter (Q3) of the financial year (FY 2023), a year-over-year (YoY) increase in losses of 458% from a loss of €405 million (~$443.4 million).

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Gautamee Hazarika

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