Siemens Gamesa finds optimism in Polish wind market amid COVID-19

In Poland, Siemens Gamesa Renewable Energy (SGRE) was awarded three projects totaling 184MW. As part of the contracts, the company is expected to supply 63 wind turbines to several customers comprising of independent power producers (IPPs) and national and international utility companies.

Somik Das, Power Analyst at GlobalData, comments:“SGRE signing contracts during the pandemic to supply wind turbines for projects in Poland will give a tremendous boost to its confidence of sailing through these difficult times and is a reassurance that the current turbulent situation is a temporary phenomenon. The delivery of turbines does not only strengthen the foundation of the company in Poland but assures its leadership role in the region.

“The contracts are of greater significance as it comes at a time when the company withdrew its financial guidance for FY2020 due to the uncertain situation arising out of COVID-19 which is increasing challenges in Northern Europe and India.

“SGRE is having disruptions in its supply chain, running of day-to-day operations, project executions and other commercial activities due to the lockdowns. This is majorly affecting its onshore business and is expected to have a significantly lower impact on its offshore and services business.

“This delivery schedule indicates that the company is ensuring that its financials don’t go for a toss by the second half of the year. It is doing its best to perform amid the pandemic. Along with maintaining performance, it is also conducting social campaigns to aid in tackling the COVID-19 pandemic. It pledged to make a global donation of €1 million worth of emergency materials, such as personal protective equipment (PPE).”

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