Siemens Energy activity spins up as renewables tailwind continues — Panjiva
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Siemens Energy activity spins up as renewables tailwind continues

Brazil 402 China 2999 Energy - Renewables 192 European Union 844 Financing 115 Industrials - Capital Goods 601 Mexico 896 U.S. 5347

The spin-out of Siemens Energy comes ahead of the new company’s earnings on Nov. 10. Panjiva’s data can provide a guide to activity in the power generation and distribution equipment industry. Panjiva’s data shows that U.S. seaborne imports linked to Siemens Energy climbed by 20.1% year over year in the three months to Aug. 31, following a 21.2% surge in Q1. The renewable energy sector has been growing particularly quickly, though there are uncertainties regarding U.S. financial support for renewables heading into the general elections in November. Total U.S. imports of wind power genera...

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