One of the world’s biggest wind turbine makers has reignited concerns over the headwinds facing the industry after losing billions in market value this week.
Shares in Siemens Energy, the owner of the turbine manufacturer Siemens Gamesa, plummeted after it emerged that the company was in rescue talks with the German government to secure €15bn of guarantees to shore up its balance sheet. The company expects heavy losses this year after faults were discovered in its newest turbine models.
