Siemens’
Power
Transmission
division,
which
handles
its
offshore
wind
grid-connection
operations,
took
a
one-off
€278m
($367m)
charge
in
the
group’s
second-quarter
financial
results.
Siemens
says
this
was
“related
primarily
to
grid
connections
to
offshore
wind-farms
in
Germany,
resulting
from
revised
estimates
of
required
resources
and
personnel
as
well
as
delays
associated
with
the
projects’
complex
marine
and
regulatory
environment".
Siemens
had
already
suffered
a
€203m
charge
in
its
first
quarter
relating
to
the
same
issue,
and
the
second-quarter
hit
was
widely
anticipated.
The
problems
at
Power
Transmission
contributed
to
a
downgrade
of
€600m
to…
