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Author Topic: Fossil Fuel Profits Getting Eaten Alive by Renewable Energy!  (Read 4730 times)

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AGelbert

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    • Agelbert Truth AND Consequences


June 14, 2018

#Business & Jobs #Fossil fuels

Bloomberg

Siemens said to mull sale of flagship gas turbine business 

Siemens is considering the sale of its struggling business that produces gas turbines for power plants, according to people familiar with the matter, report Oliver Sachgau and Eyk Henning for Bloomberg. But a final decision has not yet been made, and the company could end up weathering a downturn and keeping the business that has suffered from a collapse in orders as the global energy industry shifts to renewable sources like wind and solar and away from large-scale power plants that run on fossil fuels, according to the report.

Read the report in English here.

Find plenty of background in the factsheet Germany’s Siemens: A case study in Energiewende industry upheaval.

 
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