Chris Bryant, Columnist

Wind 'Turbinegeddon' Is a Troubling Climate Omen

Siemens Energy’s wind turbine problems may force a slower and more expensive energy transition

August 7, 2023 at 11:03 AM UTC

Chris Bryant is a Bloomberg Opinion columnist covering industrial companies in Europe. Previously, he was a reporter for the Financial Times.

Chancellor Scholz visits Siemens Gamesa — Photographer: picture alliance/picture alliance

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The financial cost of decades of climate inaction and the risks inherent in rushing to catch up were laid bare on Monday when a German industrial giant forecast a jaw-dropping €4.5 billion ($5 billion) annual loss.

Siemens Energy AG’s woes stem chiefly from technical issues with a new generation of onshore wind turbines. Wind power is vital to cutting carbon emissions, and the industry has raced to launch bigger and more powerful machines.