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Siemens Energy activity spins up as renewables tailwind continues

Brazil 343 China 2605 Energy - Renewables 136 European Union 660 Financing 110 Industrials - Capital Goods 472 Mexico 732 U.S. 4636

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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