Siemens Gamesa Financial Troubles, Chinese Turbine Concerns

Allen, Phil, and Joel dissect Siemens Gamesa's latest financial woes, including their shocking 54 MW onshore wind order intake. The trio debates the company's bold claim of competing with Chinese manufacturers on quality, not price. Plus, they explore the ripple effects of Chinese wind turbines potentially entering European markets, from Italy to Germany. Register for the AMI Wind Turbine Blades Event! Sign up now for Uptime Tech News, our weekly email update on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard's StrikeTape Wind Turbine LPS retrofit. Follow the show on Facebook, YouTube, Twitter, Linkedin and visit Weather Guard on the web. And subscribe to Rosemary Barnes' YouTube channel here. Have a question we can answer on the show? Email us! Pardalote Consulting - https://www.pardaloteconsulting.comWeather Guard Lightning Tech - www.weatherguardwind.comIntelstor - https://www.intelstor.com Allen Hall: Joel, I will be at the AMI Wind Turbine Blades conference in Boston in the beginning of October, holding a panel or hosting a panel, I'll moderate a panel. On blade operation and maintenance upstream quality problems and operators challenges, which sounds like what we just saw on our drive through Kansas and Oklahoma a lot of operators with a lot of challenges on the quality of products that they're purchasing. Joel Saxum: Yeah, I think that panel couldn't come at a more timely. I guess that's not a very good way to say that. However, yeah, when we hear from people is the, we're getting blades, the blades are a year old, two years old, three years old. We've got a leading edge erosion. We've got cracks. We got this going on. We're fighting warranty claims. We've got blade repair contractors out here. We got this, we got that. So we're going to get up on state, or you're going to get up on stage and we're going to have some people from a couple of IPPs. So there's going to be some some of the engineers that are dealing with this firsthand. And you're also going to have someone from Nordics on stage with you. So someone from an OEM. Going to have some varied opinions and some good information. But you're going to get different viewpoints and different details from all sides of the supply chain there to be able to hopefully solve some of these problems. Allen Hall: Yeah, Matt Sagala from Moraes from Nordex and Pragna Martin from Engie, if you don't know Pragna. That would be a really good panel. I'm gonna learn a ton there, I'm sure. And I am, just want to make sure everybody knows, if you're interested in attending that event, and there's several other sessions about supply chain and blades and, all kinds of materials involved in blades. This is your conference. So you need to Google the AMI plastics wind turbine blades conference in Boston and Boston in October will be beautiful. The weather would be perfect. So it's a good time to get out of the office and get a short flight over to Boston and have a good time learning about. Supply chain and blades and all that's involved on making and supporting the wind industry. I'm Allen Hall and I'll be joined by the rest of the Uptime hosts after these news headlines. In the UK, Siemens Gamesa wind turbine workers in Hull have secured a significant pay deal. Around 300 employees who construct the 108 meter long wind turbine blades by hand have accepted a two year agreement worth 8.4% the deal includes a 4.5% increase for 2024 and 3.9% for 2025 with 93% of workers voting in favor. The settlement demonstrates strong support for the agreement among the workforce. U. S. Treasury Secretary Janet Yellen has called for a substantial increase in climate financing, stating that the global transition to a low carbon economy requires three trillion U. S. dollars in new capital annually through 2050. This figure far exceeds current financing levels but represent what Yellen describes as,