Siemens Energy confirms initial SG7.0-170 deals with more orders pending
Siemens Gamesa has inked its first deals for the SG7.0-170 onshore turbine platform, according to parent company Siemens Energy.
Vinod Philip, executive vice president for wind at Siemens Energy, told investors at the company’s Capital Markets Day on Thursday that it has sealed “two deals in Germany” for the 7MW platform, which is the updated version of the 5.X design that was withdrawn from sale in 2023.
The agreements for the units were signed “in the last few days”, Philip said, adding that there are “a few more in the pipeline” that would be finalised “in the months to come”.
Last week Siemens Energy CEO Christian Bruch said that Siemens Gamesa was close to signing firm orders for “a relatively large number” of the 7MW unit, which the company actively started selling in August after rectifying several quality control issues identified in both the 4.X and 5.X platforms.
Philip added that the task force set up to tackle the quality issues with the 4.X and 5.X platforms has “successfully finished its mission” and has been disbanded. “The continued implementation of the corrective measures has been handed over to the line organisation, which will continue to drive them forward over the course of the next years,” he said.
The 4.X platform which was also taken off the market in 2023 is now known as the SG5.0, while the 5.X is now the SG7.0, Philip confirmed.
The company’s onshore business will be one of four levers alongside profitability in the offshore sector, operational excellence, and opportunities in servicing that Siemens Gamesa will use to drive growth and profitability, Philip said.
“Fiscal 2025 was all about stabilising the business and we are now on track to break even in fiscal 2026.
“Our goal is to be in the mid-single digit for revenue growth (percentage) and in the 3-5% range for margin (in 2028).
“Our long-term ambition is to be at higher profitability levels.”
