Questions and answers

The Siemens Energy organization setup can be downloaded here: 

According to the International Energy Agency (source: https://www.iea.org/reports/tracking-industry), industry accounted for roughly 37 percent of global energy consumption in 2017. In many regions, companies that consistently require larger amounts of electricity, heating, steam, or cooling for industrial processes are experiencing fluctuations in power quality more and more often, and frequently face inadequate supply capacities from the grid. To cover their energy requirements, they will increasingly also become distributed energy producers with own power plants. Such power plants will have to be

• flexible, so that they can respond quickly to load changes and fluctuations caused by the growing share of renewable energy in the grid.
• efficient, to keep up with the global competition.
• reliable, in order to cover the necessary energy requirements at all times.

Decarbonization plays a decisive role, too. Thanks to their high degree of efficiency, combined cycle power plants can make a substantial contribution to emissions reduction.

With its strong digitalization expertise, Siemens Energy aims to create a leading energy company that makes optimal use of the potential of digital networking for customers and further improves the efficiency of its own processes. Thereby, cybersecurity is of utmost importance to us.

The transfer of Siemens Gamesa Renewable Energy shares to Siemens Energy within the Siemens Group as well as the subsequent spin-off of the energy business have no impact on the listing of SGRE. In the past, Siemens held a majority stake in SGRE. Today, Siemens Energy is the majority shareholder. In a nutshell: it’s a change in ownership.

At this point, Siemens has advised that the listing will take place in Germany. Siemens Energy shares will be listed on the regulated market of the Frankfurt Stock Exchange, and possibly on further stock exchanges in Germany.

The listing is intended to occur by the end of September 2020.

In case the contract is transferred to Siemens Energy: yes, as for the period up to September 30th, 2021. Siemens Energy Insurance team will secure that also thereafter coverages/policies as are needed will be in place.

Our customers can rest assured that Siemens is fully committed to the long-term success of our business, and to remaining an important and enduring part of the energy industry. Siemens AG will remain strongly committed to this business by remaining an anchor shareholder in the new company and by continuing to support our customers, including honoring all existing guarantees and financial commitments, and offering continued support on an arms-length basis going forward.