Siemens Boasts Record Gas Turbine Demand ...Middle East

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Siemens Boasts Record Gas Turbine Demand
source : OILPRICE ( Middle East ) () 10
Record demand for gas turbines has pushed Siemens Energy’s order book to an all-time high as well, amid soaring electricity demand that, it appears, cannot be entirely met with new wind and solar. The German major reported an order increase of over 30% in the first quarter of its fiscal year, bringing total orders to €17.6 billion, or almost $21 billion. Siemens Energy’s fiscal year runs from October 1 to September 30 the next year. “Gas Services delivered its strongest quarter ever in terms of order intake, booking 102 gas…

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