Siemens to stop selling turbines for new coal-fired power plant projects

first_imgSiemens to stop selling turbines for new coal-fired power plant projects FacebookTwitterLinkedInEmailPrint分享Reuters:Siemens Energy, which builds steam turbines for power plants, will no longer take on new business to supply coal-fired powered stations, it said on Tuesday, making it the latest firm to scale back fossil fuel-related operations.Selling turbines to coal-fired power plants accounts for a low single-digit percentage of the company’s sales, or roughly 820 million euros ($970 million) based on 2020 figures. It has said the business is profitable.Siemens Energy will still meet existing commitments, including placed bids, and honour service contracts for combined heat and power stations.Siemens Energy, which owns 67% of wind turbine maker Siemens Gamesa, makes about 30% of its sales by catering to fossil-fuel power stations, mostly gas, where it competes with General Electric and Mitsubishi Heavy Industries.Fourth-quarter earnings before interest, tax and amortisation (EBITA) before special items fell 87% to 70 million euros ($83 million) due to impairments and restructuring costs.[Christopher Steitz]More: Siemens Energy drops most coal business following spin-offlast_img read more

Kelly confident of Tipp reaching Munster final

first_imgThe Mullinahone clubman lifted the Liam McCarthy cup in 2010 and was also part of the Tipperary All Ireland winning team of 2001.Clare take on Limerick in Thurles on Sunday with the winners meeting Tipperary on June 21st. The five time Munster medal winner is confident Tipp will be in the provincial decider.last_img