ABB_id2059
in News Departments > FYI
print the content item

Siemens has announced that it plans to realign its renewables business into two independent units, effective Oct. 1. The existing renewable energy division will be divided into two new divisions: wind power, and solar and hydro.

Felix Ferlemann, currently head of the chassis systems division at Benteler Automotive, will be appointed CEO of Siemens' wind division.

"We're separating solar and wind power because these two markets are at very different stages of development," says Michael Suess, CEO of Siemens Energy. "In our established wind power business, we'll be forging ahead with industrialization and internationalization. Germany, the rest of Europe and the whole world need power storage systems for the integration of renewables."

Siemens' solar and hydro division will handle power storage research. The future CEO of this division has not yet been appointed.

The industrialization of manufacturing and logistics, with a view toward reducing power-generation costs through high-efficiency production, will play an important role in the wind industry, according to the company. Particular importance will also be paid to regionalization in order to enhance customer intimacy. Siemens will, therefore, conduct its wind energy business below division level from three regional business units located in the U.S., Asia and Europe.

To further reduce wind power generating costs, the company will focus on new products and industrialized manufacturing and logistics. In addition, internationalization of the manufacturing, and marketing and sales network will play a key role in Siemens' strategy, according to the company.

Following the opening of two new factories in the U.S. and China in late 2010, the company is planning further production facilities in Canada, the U.K., India, Russia and Brazil.

Hybrid Energy Innovations 2015

Trachte_id2056
Latest Top Stories

The Song Remains The Same: AWEA Says Stable Policy Can Protect U.S. Wind Investment

Although the U.S. wind industry added more than four times the amount of wind in 2014 compared with 2013, predictable policy is needed to sustain its long-term success.


High Net-Worth Investors Claim 'All Of The Above' On Energy, Renewable And Otherwise

According to a recent Morgan Stanley poll, high-dollar investors favor investment in renewable energy technologies, such as wind and solar.


U.S. Wind Power Installations Surpassed 4.7 GW Last Year, Although China Still Leads

Bloomberg New Energy Finance reports that U.S. wind installations came back in a big way from a disappointing 2013.


IRS Specifies Performance, Quality Standards For Small Wind Turbines

The Internal Revenue Service (IRS) recently issued guidelines creating safety and performance standards for small wind turbines to be eligible for the 30% investment tax credit.


Hot Times North Of The Border: Canada Tops Previous Record For Installed Wind Capacity

For the second consecutive year, Canada's wind market has bested the country's previous mark for new installations.

Hybrid Energy Innovations 2015