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    Home > Finance > Siemens Energy plans cost cuts, offshore ramp-up to break even wind unit
    Finance

    Siemens Energy plans cost cuts, offshore ramp-up to break even wind unit

    Published by Global Banking & Finance Review®

    Posted on August 6, 2025

    1 min read

    Last updated: January 22, 2026

    Siemens Energy plans cost cuts, offshore ramp-up to break even wind unit - Finance news and analysis from Global Banking & Finance Review
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    Tags:sustainabilityrenewable energyinvestment

    Quick Summary

    Siemens Energy plans cost cuts and offshore wind expansion to achieve break-even at Siemens Gamesa by 2026, despite projected losses.

    Table of Contents

    • Siemens Energy's Financial Strategy
    • Projected Losses for Siemens Gamesa
    • Plans for Offshore Wind Expansion

    Siemens Energy Aims for Break-Even with Cost Cuts and Offshore Wind Growth

    Siemens Energy's Financial Strategy

    FRANKFURT (Reuters) -Siemens Energy is banking on further cost cuts and an ongoing ramp-up of offshore wind activities to meet its goal of breaking even at its loss-making Siemens Gamesa unit, executives told analysts on Wednesday after presenting quarterly results.

    Projected Losses for Siemens Gamesa

    Siemens Gamesa, the company's wind turbine division, is expected to incur a loss before special items of around 1.3 billion euros ($1.5 billion) in 2025, targeting break-even in the following year.

    Plans for Offshore Wind Expansion

    ($1 = 0.8634 euros)

    (Reporting by Christoph Steitz; editing by Matthias Williams)

    Key Takeaways

    • •Siemens Energy aims to break even at Siemens Gamesa by 2026.
    • •Cost cuts and offshore wind growth are key strategies.
    • •Projected losses for Siemens Gamesa are 1.3 billion euros in 2025.
    • •Executives discussed plans after quarterly results.
    • •Siemens Gamesa is the company's wind turbine division.

    Frequently Asked Questions about Siemens Energy plans cost cuts, offshore ramp-up to break even wind unit

    1What is Siemens Energy?

    Siemens Energy is a global energy technology company focused on sustainable and innovative solutions in the energy sector, including renewable energy sources like wind and solar.

    2What is offshore wind energy?

    Offshore wind energy refers to the generation of electricity using wind turbines located in bodies of water, typically oceans, to harness wind energy effectively.

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