HUTCHINSON, Kan. — Siemens Gamesa says it can continue to lead the way in wind energy into the future as it released its Virtual Capital Markets Day presentation.
The world's number one wind turbine maker says it will be able to weather the challenges brought on by outside factors including the pandemic.
“Public and government demand for clean energy solutions to the climate crisis will drive continued investment in renewable electricity generation and we are well positioned to deliver value to shareholders and society by playing a full role in that process,” Andreas Nauen, CEO of Siemens Gamesa said. “It has been a tough period for the industry and the company, but I am confident we have all the right components in place. Our people, technology, scale and global footprint are strong foundations on which to build a long-term industry leader.”
Siemens Gamesa has continued to see major growth in the offshore business sector and continues to try and gain ground in the onshore market. During its quarterly release last month the company said its order book increased by 14%.
Onshore industry forecasts predict stable long-term demand, with estimated high level of annual installations of 55 GW through 2025 growing to more than 65 GW in 2030.
Siemens Gamesa says it has defined a clear roadmap to return the onshore business to sustainable profitability including new technology, restructuring measures and reducing the complexity of its supply chain. It’s the supply chain issues that forced Siemens Gamesa to lay off a number of employees at the Hutchinson facility this past spring. The layoffs were short lived as the supply chain issues resolved.
According to the International Energy Agency (IEA), renewable energies will account for more than 50% of the global capacity mix in 2040 and wind is expected to attract the highest investments in that period, according to BNEF.
Strong growth is expected in particular in the Offshore and Services markets over the next decade, while demand in Onshore will remain solid. Additionally, prospects are expected to be buoyed by the emergence of green hydrogen technologies in which Siemens Gamesa expects wind to play a key role according to the company release.
"We have a strong profitable competitive position in the growing Offshore (#1) and Services (#2) markets, and there is very significant potential in our Onshore business that we will realize through the turnaround process now underway,” Nauen said. “A new management team has been appointed to lead the turnaround. Additionally, through our new core shareholder, Siemens Energy, we will be part of an energy powerhouse, and we expect to be able to benefit from strong synergy potential.”