Scholz 'confident' talks on guarantees for Siemens Energy will come to 'good conclusion'

German Chancellor Olaf Scholz said he was “confident” that current talks with the government and banks about guarantees for Siemens Energy – the parent of loss-making wind turbine OEM Siemens Gamesa – will very soon come to a “good conclusion”.

Siemens Energy two weeks ago had acknowledged it is in talk about state aid in the form of around €15bn ($16bn) in guarantees needed to continue to finance large orders.