Siemens Energy, a subsidiary of the German conglomerate Siemens, has received a guarantee of 7.5 billion euros from the German government. This guarantee is part of a larger package totaling 15 billion euros, which includes guarantees from private banks. The government will only provide the guarantee if other parties involved also contribute their share. In addition to the government guarantee, private banks are providing Siemens Energy with guarantees totaling 12 billion euros, some of which are backed by the government guarantee. The company is also in negotiations to secure an additional three billion euros from other stakeholders. Siemens Energy is expected to receive around two billion euros from the sale of shares in a joint venture with Siemens, possibly Siemens India. Siemens Energy has been facing difficulties due to its wind power subsidiary, Siemens Gamesa, which has been causing problems and incurring billions in losses. While other business areas such as conventional power plant technology and power transmission have been performing well, they have not been able to offset the burdens from the wind power sector. Siemens Energy is set to announce its financial results for the past fiscal year, which is expected to show a billion-euro loss.

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