Wind
Power
revenue
increased
by
35%
as
it
delivered
on
turbine
orders
from
its
backlog,
providing
one
of
the
bright
spots
for
the
wider
Siemens
Energy
sector
in
its
financial
fourth
quarter.
The
company
says
all
three
of
the
unit’s
regions
delivered
growth,
helping
Wind
Power
to
a
€134m
Q4
profit.
The
profit
came
despite
the
higher
R&D
and
marketing
costs
associated
with
a
growing
business,
Siemens
adds.
The
wind
division
took
orders
of
€2.3bn,
“nearly
matching
the
high
level
of
the
prior-year
quarter”.
But
Siemens
adds:
“With
the
expected
near-term
expiration
of
tax
incentives
Log in to read complete article.
