Siemens Energy is reviewing the scope of activities at its wind turbine-making unit, Siemens Gamesa, as quality issues, rising costs, and ramp-up challenges in the wind business dragged the company into a net loss of $5 billion for the 2023 fiscal year. Siemens Energy booked a net loss of $4.98 billion (4.59 billion euros) for the 2023 fiscal year as the good performance of the conventional business was overshadowed by the setbacks in the wind business. “The wind business remains a major challenge and has led to the net loss in…
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