Siemens Gamesa

Spanish economy 16th July 2024

Government and banks give Siemens Gamesa boost with €1.2 billion guarantee facility

This Monday, a line of guarantees of €1,200 million has been formalized for the wind power plant builder. The support has been granted by Cesce, in which the State has a 50.25% stake, and six financial institutions, including BBVA and BNP Paribas as structuring banks; and Caixabank, Crédit Agricole, KutxaBank and Santander as members of the banking syndicate. Gamesa will use these funds to back its wind power projects with…

European economy 15th April 2024

Siemens Gamesa wind turbine loses 22-ton blade in Norway

Norbolsa| A Siemens Gamesa wind turbine loses a 22-tonne blade in Norway. The company added that no one was injured in the incident. It is a blade that is part of the 4.X platform. Siemens Gamesa, owned by Siemens Energy, warned in 2023 of quality problems at its onshore unit, most of them related to certain rotor blades and main bearings on its two newest wind turbine platforms, the 4.

Spanish economy 26th January 2023

Siemens Gamesa approves delisting after takeover bid by German parent company

Some 98.43% of shareholders voted in favour of the motion to delist the company. For the company to be effectively delisted, approval from the Spanish Securities and Exchange Commission (CNMV) is still required.Christian Bruch, CEO of Siemens Energy and non-executive chairman of the Gamesa Board of Directors, said: “Our top priority is to solve Siemens Gamesa’s current challenges and to turn the business around. Jochen Eickholt and his team have…

Companies, Ibex, Spanish economy 21st December 2022

Ibex 35: Unicaja becomes sixth bank to join selective index on 27 December

Intermoney | The Ibex 35 Technical Committee (CAT) announced yesterday, after the market’s close, that Unicaja will join the selective index from Tuesday 27 December (the markets are closed on Monday 26). Unicaja will replace Siemens Gamesa after the successful takeover bid launched by the latter’s parent company. At the same time, Unicaja’s entering the Ibex 35 means that Talgo will join the Ibex Medium Cap index, replacing the bank….

Spanish economy 8th November 2022

CNMV gives green light to Siemens Energy’s takeover bid for Siemens Gaming

The Spanish Securities and Exchange Commission (CNMV) on Monday authorised Siemens Energy’s takeover bid for the 32.9% of its subsidiary Siemens Gamesa that it does not yet control. Siemens Energy is offering 18.05 euros per share in its takeover bid for Siemens Gamesa, presented on 31 May and admitted for processing on 16 June, which values the company at 12,294 million euros, meaning that it would pay 4,048 million euros…

Companies, Ibex, World economy 23rd October 2022

Siemens Gamesa Signs Biggest Contract For Offshore Wind Energy In Taiwan: 1.044 MW In Three Projects

Link Securities | Siemens Gamesa has signed two agreements with Hai Long Offshore Wind Project to supply wind turbines for three offshore wind projects in Taiwan, totalling 1.044 MW. This is the manufacturer’s biggest contract for this technology in the country, according to Europa Press. The agreements are specifically for the Hai Long 2A (300 MW), Hai Long 2B (232 MW) and Hai Long 3 (512 MW) projects and will use…

Companies, Ibex, Spanish economy 29th September 2022

Siemens Gamesa says 10-15% of projects with profitability problems related to 5.X will extend to 2024

Banc Sabadell | Siemens Gamesa CEO has assured that 10-15% of the projects with profitability problems (they would be registering losses) related to the new 5.X platform will extend to 2024. This compares with the previous estimate which put these projects’ definitive exit from the portfolio in 2023. We recall that the projects in the company’s portfolio with profitability problems linked to the 5.X platform account for some 2 billion…

Companies, Ibex, Relevant News Item 27th September 2022

Siemens Gamesa calls on European governments to declare renewables strategic industry

Link Securities | Siemens Gamesa has asked the European governments to declare the renewables industry as one with strategic importance. This is to enable the development of the necessary technology and capacities which the European Green Deal requires. And, in this way, maintain leadership for Europe, under threat from the current crisis caused by Russia’s invasion of the Ukraine, according to the daily NegociosTV. Siemens Gamesa has prepared a “white…

Companies, Ibex, Spanish economy 12th August 2022

Siemens Gamesa will supply 14 turbines to the Philippines after its first renewable energies auction

Link Securities | Siemens Gamesa said in a statement that it has finalised a new agreement with Acen Corporation for the supply of 14 SG 5.0-145 turbine units to the Philippines. The deal comes in the wake of the first renewable energies’ auction in that country. This order comes after the same client last year signed up for the country’s biggest wind energy project, the 160 MW wind farm Pagudpud…

Spanish economy 24th May 2022

Siemens Gamesa: Downgrade from Reduce to Sell (T.P. 15,1 eur/shr) after Siemens Energy bid

Alphavalue | As we flagged yesterday, finally on Saturday there was confirmation of Siemens Energy’s bid for 100% of Gamesa at 18,05 euros/share in cash (12.3 billion euros) with the aim of integrating the latter and delisting it. As you know, Siemens Energy already has 67,12% of Gamesa’s capital. The price being offered represents a premium of 27,7% with respect to the final closing price on May 17 2022. Excluding…

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