Billionaire Boys Club Member Forum (BBCMF)

[mick]

4. Siemens Energy
Siemens Energy is a leading energy technology company, with operations spanning gas services, grid technologies, and the transformation of industries. It also has a controlling interest in Siemens Gamesa Renewable Energy (OTCMKTS:GCTAY), a leading wind energy company based in Spain. It manufactures, installs, and services onshore and offshore wind turbines, with more than 99 GW of capacity installed worldwide.

Siemens Energy has offered to acquire in 2022 the remaining shares of Siemens Gamesa Renewable Energy that it doesn’t already own. The proposed deal would give Siemens Energy full control over its troubled wind energy subsidiary. Despite the growth in wind energy, Siemens Gamesa has struggled in recent years due to a patent dispute with GE, surging steel costs (a key part of wind turbines), and issues with its onshore wind platform.

However, better days could lie ahead for the wind turbine maker. The International Trade Commission rejected almost all of GE's claims against the company in early 2022. Meanwhile, the proposed merger with Siemens Energy could help turn around the troubled unit, enabling the company to better capitalize on the upside ahead for the wind energy sector.