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					</table><p>Spain-based wind turbine manufacturer <a href="https://www.siemensgamesa.com/en-int" target="_blank" rel="noopener">Siemens Gamesa</a> reported a net loss of €446 million (~$453 million) in the third quarter (Q3) of the fiscal year (October to September), a year-over-year (YoY) increase of 42% from €314 million (~$319 million).</p>
<p>The company posted revenue of €2.43 billion (~$2.47 billion) in Q3, a YoY decline of 10% from €2.7 billion (~$2.76 billion) in the same period last year. The manufacturer said the revenue dip was primarily driven by the company’s ramp-up challenges clubbed with supply chain disruptions on wind turbine generator (WTG) production and project execution activities.</p>
<p><img decoding="async" loading="lazy" class="aligncenter size-full wp-image-39423" src="https://mercomindia.com/wp-content/uploads/2022/08/Siemens-Gamesa-Q2-2022.png" alt="Siemens Gamesa Q2 2022" width="1523" height="484" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/Siemens-Gamesa-Q2-2022.png 1523w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/Siemens-Gamesa-Q2-2022-300x95.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/Siemens-Gamesa-Q2-2022-768x244.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/Siemens-Gamesa-Q2-2022-650x207.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/Siemens-Gamesa-Q2-2022-624x198.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/Siemens-Gamesa-Q2-2022-600x191.png 600w" sizes="(max-width: 1523px) 100vw, 1523px" /></p>
<p style="text-align: center;">Source: Siemens Gamesa</p>
<p>The overall Earnings Before Interest and Tax (EBIT) for the period amounted to €459 million (~$467 million), a YoY increase of 93% from €238 million (~$242 million).</p>
<p>The EBIT margin for Q3 stood at 14.3% compared to 22.1 % in the same period last year, which the company said was impacted due to ramp-up costs, product cost inflation merged with delays in WTG manufacturing, and project execution driven by quality and supply chain issues.</p>
<p>The company’s WTG manufacturing activity dropped by 30% YoY during the 9-month (9M) of the financial year (FY) 2022, while it fell by 25% YoY in Q3. WTG installation decreased by 4% YoY in 9M and 28% in Q3. The company said disruptions in onshore and offshore projects mainly drove the dip.</p>
<p>The company posted total revenue of €6.44 billion (~$6.57 billion) for the first nine months (9M) with an EBIT margin of 14.8%. The company said that constrained visibility linked to current geopolitical tensions, enhanced macro risk, and the COVID-19 pandemic fuelled the impact on supply chain and direct material costs.</p>
<p>Siemens’ order intake for Q3 was 1.2 GW, a quarter-over-quarter (QoQ) spike of 300% from 0.3 GW in Q2 2022, and a YoY decline of 10.9%. The company has an order backlog of €34 billion (~$34.6 billion), up YoY by 4%, with an order intake that totaled €3.5 billion (~$3.57 billion).</p>
<p>The order intake was driven by strong offshore performance and the recovery of onshore commercial activity. The company recorded an upward trend in the average selling price (ASP), which resulted from a positive impact from the project scope, product and regional mix, and price increases.</p>
<p>Siemens Gamesa accumulated €17.3 million (~$18 billion) from its order backlog in service, a YoY jump of 6.7% from €16.2 million (~$17 billion) in the previous year’s Q3. The company has 84 GW of projects under maintenance, with 69 GW onshore and 15 GW offshore, with a retention rate of 68%.</p>
<p>The company had <a href="https://mercomindia.com/siemens-gamesa-order-booking-12-25-billion/" target="_blank" rel="noopener">registered</a> a net loss of €403 million (~$462.05 million) in Q1 2022 from a profit of €11 million (~$12.61 million) in the same period last year.</p>
<p>In June this year, the Spain-based company <a href="https://mercomindia.com/siemens-gamesa-supply-wind-turbines-to-vena-energys/" target="_blank" rel="noopener">inked</a> an agreement with Singapore-based Vena Energy to supply its 3.X platform wind turbines for a 133 MW project in the Koppal district of Karnataka in India.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/gourav-mishra/" class="vcard author" rel="author"><span class="fn">Gourav Mishra</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><div class="designboxt">
<p><img class="alignleft" style="border-radius: 50%;height: 50px;margin-top: -4px;border: 1px solid #00b451" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/WhatsApp-Image-2022-04-06-at-6.37.25-PM-1-1.jpeg" width="50" /></p>
<p><strong style="text-decoration: underline">Gourav,</strong> Staff reporter at Mercom India<br />
<a href="https://mercomindia.com/author/gourav-mishra/" target="_blank" rel="noopener">More articles from Gourav.</a></p>
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<div class="authorboxn"><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/WhatsApp-Image-2022-04-06-at-6.37.25-PM-1-1.jpeg" width="89" height="102" /><a href="https://mercomindia.com/author/gourav-mishra/" target="_blank" rel="noopener">Gourav</a> is a staff reporter with Mercom India with over six years of experience in various roles with NewsX, The New Indian Express, IBTimes India, and U.S., Republic, and Analytics India Magazine. Gourav has a Master&#8217;s in journalism from Jain University, Bengaluru. <a href="https://mercomindia.com/author/gourav-mishra/" target="_blank" rel="noopener">More articles from Gourav Mishra</a></div>
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Supply Chain Woes Hit Siemens Gamesa’s Wind Turbine Manufacturing, Revenue Dips

<p>The Gujarat Electricity Regulatory Commission (<a href="http://gercin.org/" target="_blank" rel="noopener noreferrer">GERC</a>) has provided relief to Aarvee Denims and Exports Limited in the matter of wheeling of power from its wind project.</p>
<p>The petition was filed against Torrent Power and Gujarat Energy Transmission Corp. Limited.</p>
<p>Aarvee Denims and Exports Limited had petitioned the GERC requesting it to declare that the adopting methodology for providing the set off for the wheeled energy generated from the wind turbine generators to the place of consumption is against the provision of Gujarat’s policy.</p>
<p>The company had also requested that the Commission declare that the adjustment of wind energy generated and wheeled through open access as well as the modification of the units given by the respondents have all been without the GERC’s approval.</p>
<p>Aarvee Denims and Exports Limited had also requested the commission to order the respondents to revise the bills issued. This could be done firstly, by adjusting the energy purchased from the energy exchange or bilateral contract and later, the set off given to the wheeled and balance units should be given a banking period of six months.</p>
<p>The company had also requested the GERC to declare that the total units available for banking (1,683,014 units) should be adjusted as a credit in the future bill.</p>
<p>After going through the submissions made, the commission noted that the respondents move to set off the wheeled energy for the wind turbine generators first against the consumption in preference over the energy purchased under short-term open access is contrary and not in line with the decision taken by the GERC and therefore, it stands rejected.</p>
<p>It further stated that energy purchased through short-term open access has to be accounted first against the block-wise consumption of the consumer and the balance consumption in a month has to be accounted either as the energy wheeled from its wind turbine generators or as the energy supplied by the distribution licensee. The surplus energy, if any, remaining after the set-off, can be banked in accordance with the wind policy of the state government.</p>
<p>The GERC has stated that if the methodology of energy accounting adopted by the respondents is different and distinct, then it has to be revised.</p>
<p><a href="https://mercomindia.com/gerc-impose-additional-surcharge-open-access/" target="_blank" rel="noopener noreferrer">Recently</a>, the Gujarat commission passed an order stating that no additional surcharge will apply to consumers of four of Gujarat’s DISCOMs for utilizing power through open access between April and September 2019.</p>
<p>Earlier this year, the state <a href="https://mercomindia.com/gujarat-regulations-solar-wind-deviation/" target="_blank" rel="noopener noreferrer">announced</a> new regulations for the forecasting, scheduling, and deviation settlement of solar and wind generating sources in the state. According to the regulation, the schedule of wind generators connected to the state grid may be revised by giving advance notice to the state load dispatch centers. There can be as many as 16 revisions during the day.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/saumy/" class="vcard author" rel="author"><span class="fn">Saumy Prateek</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><div class="designboxt">
<p><img class="alignleft" style="border-radius: 50%;height: 50px;margin-top: -4px;border: 1px solid #00b451" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/12/saumy-edited-1.png" width="50" /></p>
<p><strong style="text-decoration: underline">Saumy Prateek</strong> Staff reporter at Mercom India<br />
<a href="https://mercomindia.com/author/saumy/" target="_blank" rel="noopener">More articles from Saumy Prateek</a></p>
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<div class="authorboxn"><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/12/saumy-edited-1.png" width="79" height="102" /><a href="https://mercomindia.com/author/saumy/" rel="noopener"><strong>Saumy Prateek, </strong> </a>is a senior staff reporter with MercomIndia.com covering business and energy news since 2016. Prior to Mercom, Saumy was a copy editor at Thomson Reuters. Saumy earned his Bachelors Degree in Journalism &amp; Mass Communication from the Manipal Institute of Communication at Manipal University.<a href="https://mercomindia.com/author/saumy/">More articles from Saumy Prateek.</a></div>
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Gujarat Commission Provides Relief to Developer for Wheeling Charges on its Wind Project

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