Siemens Energy has announced a plan to return its struggling wind turbine unit to profitability by fiscal 2026, with a clear action plan in place that includes simplifying the product portfolio, optimizing operations, and strengthening processes. The company also extended midterm margin targets for its core businesses. In the offshore segment, Siemens Gamesa is increasing production capacity at existing factories to meet customer demand and has identified deficiencies in the onshore segment that require remediation action. Despite these challenges, Siemens Energy’s other three business areas are on track to achieve or exceed midterm targets thanks to strong market trends such as decarbonization and major grid investment. The company now expects margins of 7%-9% for its transformation of industry business, 9%-11% for grid technologies, and 10%-12% for gas services by fiscal 2026 – an increase from previously targeted margins.