Siemens Gamesa is a subsidiary of Siemens Energy Global GmbH & Co. KG. The company reported stabilized order approach in 2024 with management aiming for gradual recovery in firm offshore orders into 2025–2026, while targeting higher service revenue contribution across an installed base exceeding 100 GW globally. Siemens Gamesa targets breakeven to positive EBITA before special items by FY2026/27 and mid-single-digit EBITA margin potential in services by 2025.
Cyborg Score Rationale
The company faces principal risks including legacy onshore platform technical liabilities, offshore execution risk during the 14–15 MW ramp, and supply-chain fragility for bearings, power electronics and large castings. In December 2025, Siemens Gamesa finalized the sale of its Gamesa Electric power electronics division to ABB, divesting wind converter, energy storage, and solar inverter product lines. However, the company maintains strong market positioning with global scale and technology platforms targeting higher-value segments.
Top Insights
First commercial recyclable blades deployed; targeting expanded circular blade adoption across new platforms by 2026.
Siemens Gamesa and Siemens Energy are combining wind-to-hydrogen developments with an integrated electrolyzer solution for direct green hydrogen production from offshore wind turbines.
The company operates approximately 127 GW of installed total capacity.
Permanent-magnet, gearbox-free architecture targets higher reliability; investment shifted to platform stability and blade material science to prioritize design robustness over rapid up-rating.
Named Competitors
Vestas — Global wind turbine manufacturer with strong onshore and offshore presence
GE Renewable Energy — Diversified energy company with significant offshore wind portfolio
Haliade-X — Large offshore wind turbine platform
Ming Yang — Chinese offshore wind turbine manufacturer
Recent Developments
(December 2025) Finalized sale of Gamesa Electric power electronics division to ABB
(2026) Targeting full-scale offshore green hydrogen demonstration with integrated electrolyzer solution
(2025-2026) Aiming for gradual recovery in firm offshore orders; targeting positive EBITA and cash flow milestones by 2026-27
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