Siemens Gamesa turbine woes to cost less than 2 bln euros - source

A wind turbine of the Gamesa company is seen in a field in Ardales, near Malaga, Spain, April 28, 2022. REUTERS/Jon Nazca/File Photo/File PhotoBERLIN, Aug 2 - Siemens Gamesa's troubles with its onshore wind turbines should cost parent company Siemens EnergyAnalyst estimates that the repair or replacement of up to 1000 turbines would cost up to 1.5 billion-1.7 billion euros were plausible, the source said.

At the time it warned that it could cost more than 1 billion euros to fix flaws in rotor blades and bearings, which could cause damage ranging from small cracks to component failures. UBS analysts said that in a worst-case scenario charges could exceed 5 billion euros.

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