Siemens Wind & Renewables Suffer Mixed First Quarter

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The Siemens “Wind & Renewables” division returned “sharply lower” orders in the first quarter of the company’s financial year (October through December). 

137 Windturbinen für zwei Projekte in Ontario / 137 wind turbines for two wind projects in OntarioAccording to the company’s financial earnings release, the Wind Power & Renewables division took in €1,317 million worth of orders, down substantially on a year earlier (€2,261 million).

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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6 thoughts on “Siemens Wind & Renewables Suffer Mixed First Quarter

  • 10 GW installed capacity: “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.”

    This households thing still gets my goat. However, here’s help. NREL published a great report on renewables in the US.

    2013 Data

    122 million households at about 2.6 people per household

    about 80 GW wind capacity installed.

    If 10 GW powers 2.5 million households – does this mean that 60 GW would power 15 million households? Including hydro and biomass in renewables, there’s 171 GW of capacity. That would be 43 million households.

    I realize there’s residential, commercial, industrial, transportation sectors. Nonetheless, if simply residential is used as the metric, that’s a lot of households being powered by renewables overall. Most people live in households and can relate. Not many sleep at the office or plant. It may help to define what the “household” may be. This could be the number of people at 2.6, an assumed geographical location (with respect to weather and density), the size of the domicile. This all helps the minds eye.

    edit to add:

    Here’s the household information:

    • I think electricity use in the US is about 4600 kWh per year per household.

      • The EIA says:

        In 2012, the average annual electricity consumption for a U.S. residential utility customer was 10,837 kWh, an average of 903 kilowatthours (kWh) per month. Louisiana had the highest annual consumption at 15,046 kWh and Maine the lowest at 6,367 kWh.
        I know the EIA has been chronically wrong in their projections of renewable energy development, but their data on the recent past is more likely to be close to correct.

    • I just don’t get the aversion to kWhr, MWhr, GWhr.

      • The average person has no idea what a MWh or GWh means. But they do understand the difference between 1,000 homes and 1,000,000 homes.

        • Yes. Maybe not MWhr, but they should know kw-hr.

          If a person can look at a utility bill, they can get an idea. For those reading this blog, kwhr should be sufficient.

          Its just that the “number of homes” clouds the information rather than illuminating.

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