Will the German government come to the rescue of Siemens Energy? Negotiations for a €16 billion loan guarantee are underway after the company posted massive losses in its wind turbine unit. The company a spinoff of former parent Siemens has faced significant repair bills due to flaws discovered in its turbines. High borrowing rates increasing the cost of construction have added to its woes. Potentially at stake: Germany's energy security and climate goals. We speak to Clemens Fuest at the Ifo Research Institute.
Subscribe: https://www.youtube.com/user/deutsche...
For more news go to: http://www.dw.com/en/
Follow DW on social media:
►Facebook: / deutschewellenews
►Twitter: / dwnews
►Instagram: / dwnews
►Twitch: / dwnews_hangout
Für Videos in deutscher Sprache besuchen Sie: / dwdeutsch
#business #SiemensEnergy