The wind energy industry has fallen into a rut, as several major companies have been plagued with setbacks due to supply chain and quality control issues. Now, wind energy majors are looking to reshape their business to ensure that they can become profitable fast.
Elsewhere, big changes for Siemens’ wind unit could improve the company’s outlook. This month, Siemens shares increased by 13 percent after the German company increased its yearly forecast and announced that the CEO of its wind turbine unit would be replaced as part of restructuring efforts. The outbound unit CEO Jochen Eickholt told the board he will step down as part of a mutual agreement with the company on 31st July, to be replaced by Vinod Philip.
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