EnergyWatch

Siemens Gamesa sees method in the madness

The corona crisis has not revived the irrational market behavior from earlier times, says CEO Markus Tacke, who sees a sound business behind the face masks and deep deficit.

Photo: Siemens Gamesa

Three years ago, the wind industry was suddenly hit by a plague that rapidly spread from country to country. Even though the introduction of the tender system makes for a poor comparison in terms of human costs, the new model caused an infectious panic among producers and led to a long row of financial results written in red.

As recently as November of 2018, Siemens Gamesa warned against what it called "irrational behavior" in the industry.

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