The Siemens “Wind & Renewables” division returned “sharply lower” orders in the first quarter of the company’s financial year (October through December).
Revenue for the division was up, however, increasing from €1,323 million in the first quarter of 2014, to €1,317 million in the first quarter of the 2015 fiscal year.
Joe Kaeser, CEO of Siemens, attributed revenue growth to the company’s offshore business, saying that they were “making progress in overcoming the technical challenges in main bearings and rotor blades which we reported at our Annual Press Conference.”
All in all, the Siemens Wind & Renewables division got rather short-shrift in the company’s earnings press.
The company announced a 48 MW order for the Alexander wind project in Kansas earlier this month, in which it will supply 21 turbines to NJR Clean Energy Ventures.
“This order reinforces our commitment to local manufacturing in North America supporting our customers and the entire region,” said Thomas Richterich, CEO Onshore, Siemens Wind Power & Renewables Division. “This project has a special meaning, as the Alexander wind farm is just up the road from our nacelle assembly plant.”
Siemens has recently hit 10 GW of installed wind energy capacity in the Americas, spread across Canada, the US, and South America — the company’s current priorities. The United States alone has nearly 5,000 Siemens wind turbines — that’s enough to produce enough energy for more than 2.5 million households every day.
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