Published by Global Banking & Finance Review®
Posted on August 6, 2025
1 min readLast updated: January 22, 2026
Add as preferred source on GoogleSiemens Energy plans cost cuts and offshore wind expansion to achieve break-even at Siemens Gamesa by 2026, despite projected losses.
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.
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.
($1 = 0.8634 euros)
(Reporting by Christoph Steitz; editing by Matthias Williams)
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.
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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