SIEGY - Siemens Energy seeks to delay wind turbine orders during probe - Bloomberg

2023-07-31 15:17:48 ET

Siemens Energy ( OTCPK:SMEGF ) ( OTCPK:SIEGY ) is trying to delay delivery of new wind turbines from its 5.X platform by up to seven months, as it seeks to determine the extent of flaws in its machines, Bloomberg reported Monday.

In response to the report, Siemens Energy ( OTCPK:SMEGF ) ( OTCPK:SIEGY ) said it "naturally" sought to eliminate possible problems before delivery, which may cause delays in some cases.

Engineers from the company reportedly have met with customers in recent weeks to propose possible fixes, some of which would involve temporary fixes that may have to be revised with more permanent solutions later, according to the report.

If Siemens Energy's ( OTCPK:SMEGF ) ( OTCPK:SIEGY ) review discovers deeper design flaws, the cost of repair reportedly could soar well beyond the ~€1B the company originally estimated.

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