Siemens Energy, a subsidiary of the German conglomerate Siemens, has secured a guarantee package of 15 billion euros from the German government and private banks. The package includes a 7.5 billion euro guarantee from the government and 12 billion euros in guarantees from private banks. The guarantees will help support Siemens Energy in its operations. In addition to the guarantees, Siemens Energy plans to secure an additional three billion euros through negotiations with other stakeholders. The company also aims to raise around two billion euros through the sale of shares in a joint venture with Siemens, possibly Siemens India. These measures come as Siemens Energy faces challenges in 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 expected to report a billion-euro loss for its fiscal year ending in September.

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