Siemens Energy activity spins up as renewables tailwind continues

Brazil 368 China 2832 Energy - Renewables 158 European Union 746 Financing 112 Industrials - Capital Goods 548 Mexico 816 U.S. 5064

The spin-out of Siemens Energy comes ahead of the new company’s earnings on Nov. 10. Panjiva’s data can provide a guide to activity in the power generation and distribution equipment industry. Panjiva’s data shows that U.S. seaborne imports linked to Siemens Energy climbed by 20.1% year over year in the three months to Aug. 31, following a 21.2% surge in Q1. The renewable energy sector has been growing particularly quickly, though there are uncertainties regarding U.S. financial support for renewables heading into the general elections in November. Total U.S. imports of wind power genera...

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