Siemens Gamesa CEO says company acted fast to prevent new project delays

FILE PHOTO: A model of a wind turbine with the Siemens Gamesa logo is displayed outside the annual general shareholders meeting in Zamudio, Spain, June 20, 2017. REUTERS/Vincent West/File Photo

MADRID - Siemens Gamesa Chief Executive Marcus Tacke said on Tuesday the wind turbine maker had acted quickly to make sure the impact of project delays that dragged it to a loss at the beginning of the year would not happen again. “We do not take this setback lightly,” Tacke said on a conference call with analysts, adding the company was also working to guard against challenges in a sector hit by falling margins as governments phase out subsidies.

“I remain confident that we have the right people and technology in place to help us through a bumpy period for the sector.”

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