German government supports Siemens Energy with $8bn guarantees

In:

Infrastructure, Renewables

Region:

Europe

The German government is to backstop Siemens Energy with guarantees worth €7.5 billion ($8.1 billion) as part of a deal with other stakeholders to help the troubled energy company fulfil its order book.Deepening problems at the firm's wind turbine unit Siemens Gamesa and a subsequent move...

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