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

Brazil 395 China 2971 Energy - Renewables 182 European Union 826 Financing 115 Industrials - Capital Goods 582 Mexico 881 U.S. 5317

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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