Siemens signs deal for first US utility-scale offshore wind farm

Engineering giant Siemens has signed a contract for the construction of the first utility-scale offshore wind farm in the US. It will install 130 turbines at the Cape Wind project, which will have a total capacity of 468MW. It is located 20 kilometres off Nantucket, an island south of Cape Cod, Massachusetts. The announcement comes […]

Siemens pulls out of solar business

Siemens has announced it plans to sell its loss-making solar business after a fall in profits. The German firm said due to “changed regulations, lower growth and strong price pressure in solar markets, the company’s solar energy activities have not been met”. It intends to focus its renewable energy activities on wind and hydropower instead […]