Siemens Energy has initiated a review of its wind business after taking a large hit to earnings and expected full-year revenues and profits due to problems at its unit Siemens Gamesa, one of the largest wind turbine makers in the world. “Our third-quarter results demonstrate the challenges in turning around Siemens Gamesa,” Christian Bruch, President and CEO of Siemens Energy AG, said in a statement on the company’s results for the third quarter of the fiscal year 2022/2023 that ended on June 30, 2023. At the end of June, Siemens…
