PSiemens Gamesa Renewable Energy, S.A.Executive Cockpit

The Siemens Gamesa Story

The operating narrative end to end — how the business turns its inputs into value, every number live.

Siemens Gamesa Renewable Energy, S.A. · FY26 (modeled)
#1 global offshore wind OEM
26,000 employees · 7+ US sites · 81 countries

Siemens Gamesa powers global wind energy with advanced turbines and digitalized asset management.

Siemens Gamesa Renewable Energy is a world leader in wind turbine manufacturing and service, operating across 81 countries with a strong presence in offshore and onshore segments. The company leverages digital diagnostics, sustainability innovation, and comprehensive maintenance to deliver reliable, high-uptime wind assets for utilities, developers, and industrial buyers. The upside lies in restoring profitability, resolving quality issues, and scaling sustainable solutions.

Markets & Demand

Siemens Gamesa serves utilities, developers, and industrial power buyers globally, with core strength in Europe’s offshore market and growing onshore presence in India and the Americas. Demand is driven by renewable targets and grid decarbonization.

Revenue
$9.90B
Bookings
$3.10B
Backlog
$22.00B
Pipeline
$4.80B

Operations & Delivery

The company operates advanced manufacturing plants in Spain, France, India, and the UK, producing direct-drive offshore turbines and multibrand onshore models. Digital diagnostics and autonomous drone inspections enhance asset reliability and service efficiency.

Turbine Uptime
97.2%
Service Level Agreement
98.5%
First-Time Fix Rate
91.0%
Rule of 40
38

Service & Maintenance

Siemens Gamesa offers comprehensive O&M services, including proactive maintenance, asset management, and digitalized diagnostics for both its own and third-party wind farms. This drives high uptime and customer trust.

Recurring Revenue Mix
19.5%
Annual Recurring Revenue
$1.20B
Gross Revenue Retention
98.0%
Net Promoter Score
54

Sustainability & Innovation

The company leads in sustainability, targeting SF₆ elimination and pioneering fully recyclable blades. Investments in R&D and digital platforms accelerate the transition to cleaner, more circular energy solutions.

Gross Margin
12.8%

Financials & Cash

Siemens Gamesa is focused on restoring profitability after recent losses due to quality failures. Margin improvement, cost controls, and optimized capital allocation are key to financial stability and growth.

EBITDA
$420M
EBITDA Margin
4.2%
Cash Collected
89.0%
Liquidity
$900M

Competitive Landscape

Competing with Vestas, GE Renewable Energy, Nordex, Goldwind, and Envision, Siemens Gamesa differentiates through offshore leadership, digital asset management, and sustainability innovation. Price pressure and supply chain constraints remain challenges.