Siemens Energy gets state-backed 15-bn-euro rescue package

Siemens Energy will receive a 15-billion-euro ($16.3-billion), state-backed rescue package, Berlin said Tuesday, as the German group struggles to overcome a crisis in its wind power unit.

The company’s Gamesa subsidiary has faced long-running technical problems with its onshore wind turbines, which have cost huge sums to fix and led to massive losses.

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