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Siemens Gamesa Renewable Energy SA (SGREN.MC)

SGREN.MC on Madrid SE C.A.T.S.

12.09EUR
18 Oct 2019
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Latest Key Developments (Source: Significant Developments)

Siemens Gamesa Wins Order For 200 MW Supply Of Its 4.X Platform In China
Friday, 4 Oct 2019 

Oct 4 (Reuters) - Siemens Gamesa Renewable Energy SA ::WINS ORDER FOR 200 MW SUPPLY CONTRACT IN CHINA FOR ITS 4.X PLATFORM.TO INSTALL 42 UNITS WITH UNIT RATING REACHING 4.8 MW AND PROVIDE OPERATION AND MAINTENANCE SERVICES FOR FIVE YEARS.COMMISSIONING IS EXPECTED BEFORE THE END OF 2020.  Full Article

Siemens Gamesa Gets Firm Order To Supply Wind Turbines In The Netherlands
Wednesday, 2 Oct 2019 

Oct 2 (Reuters) - Siemens Gamesa Renewable Energy SA ::RECEIVED A FIRM ORDER FOR THE SUPPLY OF WIND TURBINES FOR AN OFFSHORE WIND POWER PROJECT IN THE NETHERLANDS.SAYS ORDER INCLUDES A 16-YEAR SERVICE AGREEMENT.THE OFFSHORE WIND POWER PLANT WILL BE FULLY OPERATIONAL IN 2021.TOTAL RATED POWER OUTPUT OF OVER 380 MW.IN CONSORTIUM WITH VAN OORD TO CONSTRUCT FRYSLAN NEARSHORE WIND POWER FARM, LOCATED NEAR IJSSELMEER LAKE.  Full Article

Siemens Gamesa Enters Into Exclusive Non-Binding Negotiations With Senvion
Monday, 16 Sep 2019 

Sept 16 (Reuters) - Siemens Gamesa Renewable Energy SA ::SAYS ENTERS INTO EXCLUSIVE NON-BINDING NEGOTIATIONS WITH GROUP SENVION WITH RESPECT TO POTENTIAL ACQUISITION OF CERTAIN SELECTED ASSETS.SAYS IF TALKS SUCCEED AND FINAL AGREEMENT IS REACHED, A BINDING DECISION WOULD BE TAKEN WITHIN THE NEXT WEEKS.SAYS AN EVENTUAL TRANSACTION WOULD HAVE NO FINANCIAL IMPACT ON FISCAL YEAR 2019 ACCOUNTS.  Full Article

Siemens Gamesa CFO says suffers more from U.S. tariffs as orders rise
Tuesday, 30 Jul 2019 

July 30 (Reuters) - Siemens Gamesa Renewable Energy CFO David Mesonero says::United States becoming a more important source of orders this year, so impact from tariffs imposed as part of U.S.-China trade dispute becomes more negative..Impact of trade war will be equivalent to around 15 million euros ($16.70 million) in core earnings. .  Full Article

Siemens Gamesa Sees 2019 EBIT Margin To Come In Lower End Of Guidance
Tuesday, 30 Jul 2019 

July 30 (Reuters) - Siemens Gamesa Renewable Energy SA ::SEES 2019 EBIT MARGIN PRE PPA AND I&R COSTS AT 7.0% TO 8.5%.FY 19 GUIDANCE RANGE CONFIRMED, WITH CURRENT EXPECTATIONS IN FIRST HALF OF GUIDANCE FOR REVENUES AND LOW END OF GUIDANCE FOR EBIT MARGIN.FY 19 EBIT MARGIN IMPACTED BY: EXECUTION CHALLENGES IN ONSHORE NORTHERN EUROPE AND INDIA IN Q3 19.FY 19 EBIT MARGIN ALSO IMPACTED BY INCREASE IN IMPORT DUTIES ON CHINESE PARTS IN US.  Full Article

Siemens Gamesa Q3 Net Profit Down 53% At 21 Mln Euros YoY
Tuesday, 30 Jul 2019 

July 30 (Reuters) - Siemens Gamesa Renewable Energy SA ::Q3 REPORTED EBIT 56 MILLION EUROS VERSUS 50 MILLION EUROS YEAR AGO.Q3 REPORTED NET PROFIT 21 MILLION EUROS VERSUS 44 MILLION EUROS YEAR AGO.Q3 GROUP SALES 2.63 BILLION EUROS VERSUS 2.14 BILLION EUROS YEAR AGO.ORDER BACKLOG OF 25.1 BILLION EUROS AT END-JUNE VERSUS 23.2 BILLION EUROS YEAR AGO.ORDER INTAKE IN Q3 EUR 4.7 BILLION UP 41.8% YOY.9MONTH PERFORMANCE IN LINE WITH FY 19 GUIDANCE RANGE.Q3 RESULTS IMPACTED BY EMERGING MARKET VOLATILITY AND ONSHORE EXECUTION CHALLENGES.PLANS COMPETITIVE BUSINESS STRATEGY AND PERFORMANCE UPDATE IN CMD H1 2020.  Full Article

Siemens Gamesa Says Conditionally Awarded Largest U.S. Offshore Wind Power Order To Date
Friday, 19 Jul 2019 

July 18 (Reuters) - Siemens Gamesa ::SIEMENS GAMESA CONDITIONALLY AWARDED LARGEST U.S. OFFSHORE WIND POWER ORDER TO DATE: 1.7 GW FROM ØRSTED AND EVERSOURCE.DELIVERY INCLUDES SG 8.0-167 DD WIND TURBINES AND SERVICE AGREEMENTS.PROJECTS EXPECTED TO BE ONLINE BETWEEN 2022-2024 SUBJECT TO FINAL INVESTMENT DECISION.  Full Article

Ørsted Selected As Preferred Bidder For New York Offshore Wind Farm
Thursday, 18 Jul 2019 

July 18 (Reuters) - Orsted A/S ::REG-ØRSTED SELECTED AS PREFERRED BIDDER FOR NEW YORK OFFSHORE WIND FARM.SAYS SUBJECT TO CONTRACT SIGNING AND ØRSTED'S AND EVERSOURCE'S FINAL INVESTMENT DECISION, WIND FARM IS EXPECTED TO BE OPERATIONAL IN 2024.SUNRISE WIND IS A 50-50 PARTNERSHIP BETWEEN ØRSTED, AND EVERSOURCE, NEW ENGLAND'S LARGEST ENERGY COMPANY.INFORMATION PROVIDED IN THIS ANNOUNCEMENT DOES NOT CHANGE ØRSTED'S PREVIOUS FINANCIAL GUIDANCE FOR FINANCIAL YEAR OF 2019.CURRENTLY DEVELOPING NEW YORK STATE'S FIRST OFFSHORE WIND PROJECT, SOUTH FORK WIND FARM OFF LONG ISLAND.CONSTRUCTION OF SOUTH FORK WIND FARM OFF LONG ISLAND IS PLANNED TO START IN 2021, AND WIND FARM WILL BE OPERATIONAL IN 2022.ØRSTED AND EVERSOURCE HAVE SIGNED A WIND TURBINE CONTRACT WITH SIEMENS GAMESA FOR JOINT VENTURE'S NORTHEAST PROJECT PORTFOLIO.ORSTED -SUBJECT TO CO'S , EVERSOURCE’S FINAL INVESTMENT DECISION, ALL THREE OFFSHORE WIND FARMS WILL BE INSTALLING SIEMENS GAMESA’S 8.0MW TURBINES.  Full Article

Siemens Gamesa - Selected For Rolling Hills Wind Park In U.S.
Tuesday, 2 Jul 2019 

July 2 (Reuters) - Siemens Gamesa Renewable Energy SA ::SIEMENS GAMESA HAS BEEN SELECTED BY MIDAMERICAN ENERGY COMPANY FOR ROLLING HILLS WIND POWER PROJECT FOR A TOTAL OF 429.3 MW, LARGEST REPOWERING ORDER TO DATE IN NORTH AMERICA.COMPANY WILL REPOWER PROJECT WITH 163 SG 2.7-129 AND 18 PREVIOUSLY SOLD SWT-2.3-108 WIND TURBINES.  Full Article

Siemens Gamesa Signs Deal To Supply Turbines For 429 MW Wind Project In Iowa
Monday, 1 Jul 2019 

July 1 (Reuters) - Siemens Gamesa Renewable Energy SA ::SIGNED DEAL FOR SUPPLY OF WIND TURBINES FOR REPOWERING OF ROLLING HILLS WIND PROJECT IN IOWA WITH CAPACITY OF 429,3 MW.  Full Article

UPDATE 1-Siemens Gamesa cuts up to 600 staff in Denmark to address "challenging market"

COPENHAGEN, Sept 26 Wind turbine maker Siemens Gamesa said on Thursday it will lay off up to 600 staff in Denmark as it grapples with price declines in a challenging market.