Siemens Energy, whose subsidiary Siemens Gamesa is the world’s second-largest wind turbine manufacturer, disclosed significant problems with its wind turbine components, causing its shares to plummet and forcing the company to revise its profit forecast for the year. On Thursday, the German company announced a “substantial increase in failure rates of wind turbine components” after … Continue reading Burning in the wind: Turbine maker in trouble with aging components, fires