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Olivia Ott / NBC NewsHow we tested Windmill and July’s air conditionersTwo of my colleagues and I tested Windmill and July’s ACs for at least five weeks in our New York City apartments. July sent me its small 6K BTU air conditioner, which I put in my bedroom. My LG air conditioner was so loud that I felt like I couldn’t hear myself think. JulyEven after over a month, I’m still shocked when I walk into my bedroom and barely notice my air conditioner. For this article, I tested July’s air conditioner for over a month, and two members of NBC Select’s staff tested Windmill’s air conditioner for over a month.

Persons: you’ll, Zoe Malin, Nikki Brown, Olivia Ott, Bianca Alvarez, you’re, I’ve, ”, Brown, Alvarez, I’d, she’s, “, it’s, Windmill’s, I’m, Both Alvarez, hasn’t, —, TikTok Organizations: NASA, NBC, British, Units, National Council, Aging, Alexa, July’s, ACs, Windmill, AC, July’s AC, LG, Amazon Alexa, decibel, Facebook, Twitter Locations: New York City, BTUs, Taskrabbit, NYC, France

☆ Nantucket's wealthy had another problem on their beaches this week
▼ + stars: | 2024-07-18 | by ( Madeline Berg | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The blade of an offshore wind turbine broke into pieces last week and washed ashore on tony Nantucket, the Massachusetts island favored by New Englanders and the very wealthy. Still, all Nantucket beaches were fully open by Wednesday, though the island's Harbormaster cautioned people to wear shoes and keep pets off certain areas. AdvertisementIn April, billionaire Barry Sternlicht's home was demolished due to property damage caused by erosion. It looks like snow, rain, hail, and a little wind turbine debris won't be enough to turn people off of the Gray Lady.

Persons: —, tony Nantucket, Harbormaster, Barry Sternlicht's, Steve Schwarzman, Eric Schmidt, Gray Organizations: Service, New, Business, Vineyard, of Safety, Environmental Locations: Nantucket, Massachusetts, New Englanders, Martha's

☆ Breaking at the 2024 Paris Olympics: Its street dance origins, how it works and how to watch
▼ + stars: | 2024-07-16 | by ( Lauren Merola | ) www.nytimes.com time to read: +6 min

In breaking, athletes are referred to as b-boys and b-girls, with the “B” standing for breaking. Elements of breaking and popular movesTo a new viewer, breaking can seem like an off-the-cuff union of agility and adaptation. Following the round-robin competition, the four quarterfinal rounds and two semifinal rounds will set the stage for the bronze-medal and gold-medal battles. How to watchEvent Date Time (ET) TV Streaming Women's round-robin Aug. 9 10 a.m.-12:10 p.m. E! Peacock Men's round-robin Aug. 10 10 a.m.-12:10 p.m. E!

Persons: they’re, Let’s, you’ve, That’s, Who’s, Victor Montalvo, Victor, ”, Houston’s Jeffrey Louis, “, Jeffro, Montalvo, Louis, Sunny Choi, ” —, Logan Edra, Choi, Estée Lauder, Peacock, Philip Kim of, Zheng Huansong Organizations: Paris, USA Four, Paris ., NBC, Team USA, Penn, Pan American Games, Bull, Concorde, Getty Locations: Bronx, N.Y, Paris, USA Four United States, Paris . Florida, Queens, U.S, Philip Kim of Canada, Xinhua

☆ Paris’ famous Moulin Rouge windmill gets its blades back
▼ + stars: | 2024-07-07 | by ( Catherine Nicholls | ) edition.cnn.com time to read: +2 min

CNN —Paris’ iconic Moulin Rouge windmill has been fitted with new blades, nearly three months after they fell off the landmark. Jean-Victor Clerico, General Manager of Moulin Rouge Paris, said that the aim was to reinstall the blades before July 15, when the Olympic flame passes the venue on its way to the opening of the Summer Games. Located in Paris’ Montmartre district and established in 1889, the Moulin Rouge is one of the world’s most famous cabaret clubs. Over the years, the venue has endured fires and undergone renovations to maintain its grandeur, according to the Moulin Rouge website. The unveiling of the new Moulin Rouge windmill comes as another iconic Parisian venue closes.

Persons: Jean, Victor Clerico, de Maismont, BFMTV, Michou, Liza Minnelli, Serge Gainsbourg Organizations: CNN, Paris, BFMTV, Summer Locations: Moulin Rouge, Moulin Rouge Paris, AFP, Paris, Paris ’ Montmartre

☆ What Makes Katie Ledecky Swim?
▼ + stars: | 2024-06-08 | by ( Andrew Trunsky | ) www.nytimes.com time to read: +1 min

Long before Katie Ledecky was collecting gold medals and setting world records, she seemed nonchalant about making it across the pool. But when she saw her competitors cruising past, something sparked within her. Many of her early swims took place at Palisades Swim & Tennis Club, a wooded, family friendly setting in Cabin John, Md., near Washington. Her final meet at the club was in 2014, two years after she had won her first Olympic gold medal. “Palisades” is the first chapter of her new memoir, “Just Add Water,” which comes out on Tuesday, and the club’s pool remains her most meaningful place to swim.

Persons: Long, Katie Ledecky, “ Organizations: Palisades Swim, Tennis Club Locations: John, Md, Washington

☆ Rafael Nadal loses to Alexander Zverev at Roland Garros
▼ + stars: | 2024-05-27 | by ( Matthew Futterman | ) www.nytimes.com time to read: +5 min

PARIS, France — There will be no magical run, no age- and injury-defying push into the deep end of the competition. AdvertisementThe end officially arrived at 6:28, with a final miss off the Spaniard’s racket, forced by Alexander Zverev, who prevailed 6-3, 7-6, 6-3. A clump of two dozen that is used to getting choice seats clogged the entryway to the president’s box. Ultimately, that is what doomed him on a chilly and dreary afternoon and evening under the roof on Chatrier. He hit serves that became easy chances for Zverev to go on the defensive, and groundstrokes into the middle of the court that Zverev pounded for winners.

Persons: Rafael Nadal, Roland Garros, Alexander Zverev, Nadal, Philippe, Chatrier, ”, Emmanuel Dunand, He’d, hadn’t, Zverev, Brenda Patea, he’d, Mateo Villalba Organizations: Nadal, Getty Locations: PARIS, France, AFP, Paris, German, Berlin, Germany

☆ Book at these times to save money on summer flights for 2024
▼ + stars: | 2024-04-27 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +4 min

CNN —In travel news this week: a gelato ban in Italy, runaway horses in central London, the orange fog that hit Athens and – if you’re still feeling brave enough – the best dates and times to book summer flights. When to book summer travelMid-to-late August is the best time for Americans to fly this summer, according to travel company Expedia. It recommends booking summer flights 21 to 60 days out – last year, travelers booking during this window saved around 15% on domestic and international travel. Similar savings were enjoyed by travelers who departed on a Monday for international flights or on a Tuesday for domestic flights, compared with those who opted for more popular Thursday and Friday departures. Over in London, laid-back Bethnal Green cocktail bar Satan’s Whiskers was this month named “Best Bar in the UK” at the Class Bar Awards.

Persons: you’re, It’s, –, Expedia, ” you’re, Speakeasy, Taylor, Swift, Pelumi Nubi, “ It’s Organizations: CNN, Travelers, Bethnal, Peugeot Locations: Italy, London, Athens, Europe, Greece, Helsinki, Finland, Buckingham Palace, Venice, Paris, Moulin Rouge, Colonia Juárez, Mexico City, North America, South London, Lagos, Nigeria, Italian, American

☆ Moulin Rouge’s Windmill Blades Fall Off in Paris
▼ + stars: | 2024-04-25 | by ( Isabella Kwai | More About Isabella Kwai | ) www.nytimes.com time to read: 1 min

The bright red windmill of the Moulin Rouge has been an omnipresent marker atop the famed cabaret venue for more than a century. But on Thursday, Parisians woke up to an alarming sight: the blades of the windmill bent and lying on the ground after they broke off and fell overnight. Footage circulating in local news media on Thursday showed the blades tangled on the ground in front of the building. Three letters of the bright “Moulin Rouge” sign also appeared to have fallen. Firefighters were called to the area after 2 a.m., a spokeswoman for the Paris Fire Brigade said, and examined the structure to make sure nothing else was threatening to fall.

Organizations: Firefighters, Paris Fire Brigade, Workers Locations: Moulin Rouge, Rouge

☆ Blades fall off Moulin Rouge windmill in Paris
▼ + stars: | 2024-04-25 | by ( Joseph Ataman | Amarachi Orie | ) edition.cnn.com time to read: +2 min

CNN —The blades of the windmill atop the famous Parisian dancehall the Moulin Rouge fell off overnight, damaging the facade of the building, it was reported Thursday. Benoit Tessier/ReutersThe blades will be put back in place “very, very soon,” Moulin Rouge director general Jean-Victor Clerico told BFM. Located in Paris’ Montmartre district and established in 1889, the Moulin Rouge is one of the world’s most famous cabaret clubs. What the world famous cabaret club usually looks like when its eponymous red windmill is securely intact. Benoit Tessier/ReutersOver the years, the venue has endured fires and undergone renovations to maintain its grandeur, according to the Moulin Rouge website.

Persons: Rouge, Moulin, Benoit Tessier, Jean, Victor Clerico, BFM, Moulin Rouge, Henri de Toulouse, Nicole Kidman – Organizations: CNN, BFMTV Locations: Paris, Moulin Rouge, Paris ’ Montmartre, Moulin

☆ Forget traveling to the Netherlands. I saw millions of colorful tulips without having to leave the US.
▼ + stars: | 2024-04-16 | by ( Bernadette Rankin | ) www.businessinsider.com time to read: +4 min

I've always dreamed of traveling to the Netherlands to visit the famous tulip festival. Instead, I visited Mount Vernon, Washington, during the height of the Skagit Valley Tulip Festival. AdvertisementThe Netherlands' legendary tulip fields have always been on my bucket list. After seeing the monthlong event referred to as "the Netherlands of the Northwest" by the festival's executive director, I knew I had to visit the Skagit Valley Tulip Festival. AdvertisementIf you have time and don't mind paying the admission price for each farm, I highly suggest visiting all four participating Skagit Valley Tulip Festival farms.

Persons: I've, —, Bernadette Rankin, Bernadette Rankin Next Organizations: Tulip, Service Locations: Netherlands, Mount Vernon , Washington, Skagit, Northwest Washington, Seattle, RoozenGaarde

☆ NASA may build giant telescopes on the moon in your lifetime. Check out the blueprints.
▼ + stars: | 2024-03-01 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +12 min

One moonshot plan would build a giant radio dish spanning an entire crater on the far side of the moon. An illustration of a conceptual radio telescope within a crater on the moon. Silk argues that lunar telescopes would open the door to a new era of major space discoveries. A satellite trail streaks in front of galaxies in this image from the Hubble Space Telescope. Any radio telescope on the moon's back end would pick up the pure emissions of the universe.

Persons: —, Vladimir Vustyansky, James Webb, Dallan Porter, Roger Angel, Joseph Silk, Jack Burns, Burns, That's, Stefica Nicol, Artemis, Ronald Polidan, FarView, Jack Burns Karan Jani, LILA, Fermilab LILA, Jani, NASA's James Webb, Temim, Webb, Angel, Chris Gunn, Nick Woolf, Angel Roger, Phil, Martin Elvis, Elvis Organizations: Service, NASA, Business, Vanderbilt Lunar Labs, Telescope, University of Arizona, American Astronomical Society, Payload, University of Colorado Boulder, Hubble Space, Hubble, ESA, Radio Telescope, REUTERS, NASA JPL, Caltech, Radio Science Investigations, Houston, Lunar Resources, Resources, Inc, Vanderbilt University, Fermilab, Telescopes, CSA, Princeton University, Engineers, James Webb Space, Industry, AP Locations: New Orleans, Australia

☆ How to stretch on your couch for chronic pain relief
▼ + stars: | 2024-02-27 | by ( Dana Santas | ) edition.cnn.com time to read: +6 min

Lay your bent right leg on the cushion so your shin is parallel to the couch edge. If your right knee is lifted significantly off the couch, you can also slide a pillow under that knee for support. Stretch 3: Hamstring stretch with a twistWhile standing, facing your couch, bend into a semi-squat position with your knees just above 90 degrees. At the same time, straighten your right leg only — leaving your left leg bent. Inhale as you rotate your right arm up and straighten the right leg for the hamstring stretch.

Persons: Dana Santas, you’ve, you’re Organizations: Pain, CNN, CNN’s

The deal was expected to fail after Origin's largest shareholder, A$300 billion ($198 billion) pension fund AustralianSuper, said it would reject the A$9.39 per share offer. AustralianSuper owns about 17% of Origin, which was enough to block the bid. Origin already has plans to develop 4 gigawatts by 2030, and Chairman Scott Perkins reaffirmed that strategy, adding that the company was open to working with other investors. "The way we've seen the energy transition is there's been plenty of scope for third party capital to invest alongside Origin," Perkins told reporters after the vote. In its statement, AustralianSuper said it would be a willing capital partner for Origin as it "prepares to transition over the coming decades".

Persons: Dado Ruvic, AustralianSuper, Brookfield, Scott Perkins, Perkins, Scott Murdoch, Lewis Jackson, Alasdair Pal, Miral Organizations: Brookfield, REUTERS, SYDNEY, Origin Energy, EIG Partners, Thomson Locations: Brookfield, Australia's, Sydney

☆ Brookfield's $10.6 billion bid for Origin Energy expected to fail on Monday
▼ + stars: | 2023-12-03 | by ( Scott Murdoch | Thomson Reuters | Scott Murdoch Has Been A Journalist For More Than Two Decades Working For Thomson Reuters | ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsSYDNEY, Dec 4 (Reuters) - The outcome of a Brookfield consortium's $10.6 billion bid for Australia's Origin Energy (ORG.AX) will be officially known on Monday, with investors expected to vote down its year-long attempt to buy the country's largest power retailer. Origin’s largest shareholder, A$300 billion ($198.36 billion) pension fund AustralianSuper, has said it would reject the A$9.39 per share offer. "If the Brookfield consortium comes back with a hostile off-market offer, there could be upside to the share price." "We will do this work before considering whether to continue pursuing a proposal to acquire Origin Energy or the Origin Energy Markets business," he said. The company's board last week rejected a revised back-up bid from the Brookfield consortium that the energy firm said was too complex and highly conditional.

Persons: Dado Ruvic, AustralianSuper, Adrian Atkins, Luke Edwards, Scott Murdoch, Jamie Freed Organizations: Brookfield, REUTERS, Rights, Origin Energy, Origin Energy Markets, Thomson Locations: Sydney, Brookfield, Brookfield Australia

☆ Mitsubishi Heavy expects to double defence revenue over next 3 years
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +1 min

Miniatures of windmill and electric pole are seen in front of Mitsubishi Heavy Industries logo in this illustration taken January 17, 2023. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsTOKYO, Nov 22 (Reuters) - (This Nov. 22 story has been corrected to show that the revenue forecast is for a 3-year period after the company's clarification in the headline, paragraphs 1 and 3)Japan's Mitsubishi Heavy Industries (7011.T) said on Wednesday it expects to double its defence revenue to about 1 trillion yen ($6.68 billion) over the next three years. The increase would come partly from the expansion of facilities to build missiles and develop next-generation fighter jets, it said. During the three-year period starting in April 2027, Mitsubishi Heavy expects annual revenue to top 1 trillion yen due to growth in the defence and space business, presentation material showed. The Japanese government has said it plans to double spending on defence to about 2% of its gross domestic product by 2027 as regional tensions heighten.

Persons: Dado Ruvic, Chang, Ran Kim, Sonia Cheema Organizations: Mitsubishi, Industries, REUTERS, Rights, Mitsubishi Heavy Industries, Mitsubishi Heavy, Thomson

Under the new terms offered by Brookfield, the A$9.43 per share bid remains but some investors can stay invested in the energy markets business that would be owned by Brookfield. Brookfield's consortium partner EIG Partners would take on Origin's integrated gas business which includes the 27.5% stake in Australia Pacific LNG (APLNG). If that bid fails to achieve 75% shareholder support, an alternative proposal has been lodged that would see Origin sell the energy markets business to Brookfield for A$12.3 billion. When asked during a press conference if he had reservations about the revised deal, Chairman Scott Perkins said: "absolutely". DONE TALKINGFollowing the announcement of the revised offer, EIG CEO Blair Thomas told Reuters that he was done talking to AustralianSuper.

Persons: Dado Ruvic, Australia's, EIG, Scott Perkins, Blair Thomas, Allan Gray, Simon Mawhinney, Mawhinney, Chris Bowen, Scott Murdoch, Lewis Jackson, Praveen Menon, Lincoln, Sonali Paul, Jamie Freed Organizations: Brookfield, REUTERS, SYDNEY, Brookfield ., EIG Partners, Australia Pacific LNG, Reuters, Brookfield consortium's, Energy, Thomson Locations: Brookfield, Sydney, Australia

Origin said based on the early votes received the original offer would not have won support. Under the new terms, the A$9.43 per share bid remains but some investors can stay invested in the energy markets business that would be owned by Brookfield. If that bid fails to achieve 75% shareholder support, an alternative proposal has been lodged that would see Origin sell the energy markets business to Brookfield for A$12.3 billion ($8 billion). Origin shareholders would receive a total of A$9.08 per share, with an additional A$0.22 if EIG got up to 90.1% control of Origin. Institutional investors who have already voted on the A$9.43 offer can choose to change or keep their vote, or opt to invest in the energy markets business.

Persons: Dado Ruvic, EIG, Chris Bowen, Scott Murdoch, Lewis Jackson, Miral Fahmy, Lincoln, Sonali Paul Organizations: Brookfield, REUTERS, Companies Brookfield, Origin Energy, Brookfield ., EIG Partners, Australia Pacific LNG, Brookfield consortium's, Energy, Thomson Locations: SYDNEY, Brookfield, Sydney, Australian, Australia

Trading in Origin Energy shares was paused on Thursday. Brookfield Corp (BN.TO), which has teamed up with EIG Partner's MidOcean Energy, and Origin Energy did not respond to requests for comment. Origin shares closed on Wednesday at A$8.42, up 1.69%, but well below the offer price of A$9.43 per share. If everyone thought it was going ahead the share price would be higher," he told Reuters. Origin shares remain 2.1% lower than last week's close and have traded well below the offer price since the new bid.

Persons: Dado Ruvic, EIG, Jamie Hannah, I'm, Scott Murdoch, Lewis Jackson, Miral Fahmy Organizations: Brookfield, REUTERS, Rights, Origin Energy, Brookfield Corp, Energy, Investors, Newmont Corp, Newcrest Mining, VanEck, Reuters, Origin, Thomson Locations: Brookfield, Lincoln

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSYDNEY, Nov 23 (Reuters) - A Brookfield-led consortium's A$16.3 billion ($10.61 billion) bid for Origin Energy (ORG.AX) is expected to fail after the largest shareholder in Australia's biggest energy retailer said it would vote against the offer at an investor meeting on Thursday. The energy company's shares closed on Wednesday at A$8.42, up 1.69%, but well below the offer price of A$9.43 per share. If everyone thought it was going ahead the share price would be higher," he told Reuters. Brookfield and Origin Energy declined to comment on Thursday's vote. Origin shares remain 2.1% lower than last week's close and have traded well below the offer price since the new bid arrived, suggesting investors were pessimistic of its success.

Persons: Dado Ruvic, EIG, Jamie Hannah, I'm, Macquarie, Ian Myles, Scott Murdoch, Lewis Jackson, Miral Organizations: Brookfield, REUTERS, Rights, Origin Energy, Newmont Corp, Newcrest Mining, Brookfield Corp, Energy, VanEck, Reuters, Thomson Locations: Brookfield, Sydney

The A$300 billion ($195.24 billion) pension fund was against the original offer, which it also said substantially undervalued the company's ability to profit from Australia's shift to renewable energy. Under the new terms offered by Brookfield, the A$9.43 per share bid remains but some investors can stay invested in the energy markets business that would be owned by Brookfield. Brookfield's consortium partner EIG Partners would take on Origin's integrated gas business which includes the 27.5% stake in Australia Pacific LNG (APLNG). If that bid fails to achieve 75% shareholder support, an alternative proposal has been lodged that would see Origin sell the energy markets business to Brookfield for A$12.3 billion. DONE TALKINGFollowing the announcement of the revised offer, EIG CEO Blair Thomas told Reuters that he was done talking to AustralianSuper.

Miniatures of windmill and electric pole are seen in front of Siemens Gamesa logo in this illustration taken January 17, 2023. One Frankfurt-based trader said the investor event, where Siemens Gamesa disclosed around 400 million euros in cost cuts by 2026, was bringing "no new insights". At 1610 GMT, shares in Siemens Energy, in which Siemens AG (SIEGn.DE) owns a direct 25.1% stake, were still down 6.3%. Siemens Gamesa will likely cut onshore turbine capacity outside Europe and outsource the production of some components, the division's Chief Executive Jochen Eickholt said, outlining the group's restructuring roadmap. Reuters last month reported that Siemens Gamesa was considering shutting plants and sales offices as well as outsourcing some production.

Persons: Dado Ruvic, Siemens Gamesa, Christian Bruch, Jochen Eickholt, Eickholt, Christoph Steitz, Tom Kaeckenhoff, Danilo Masoni, Madeline Chambers, Miranda Murray, David Evans Organizations: Siemens, REUTERS, Siemens Energy, Siemens Gamesa, Siemens AG, Reuters, Thomson Locations: Europe, FRANKFURT, DUESSELDORF, Frankfurt

☆ Siemens Energy shares down 11% as investor day underwhelms
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +1 min

Miniatures of windmill, solar panel and electric pole are seen in front of Siemens Energy logo in this illustration taken January 17, 2023. REUTERS/Dado Ruvic/File Photo Acquire Licensing RightsMILAN, Nov 21 (Reuters) - Germany's Siemens Energy (ENR1n.DE) shares turned sharply lower on Tuesday to fall as much as 11%, with traders citing profit taking as the company held its capital markets day (CMD). The shares have risen 80% from October's record low after the group said it was in talks with the German government about state guarantees following big setbacks at its wind unit, Siemens Gamesa. On Tuesday, Siemens Energy said Siemens Gamesa plans to cut costs by around 400 million euros ($436.28 million). ($1 = 0.9168 euros)Reporting by Danilo Masoni; Editing by Amanda CooperOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado, Danilo Masoni, Amanda Cooper Organizations: Siemens Energy, REUTERS, Germany's Siemens Energy, CMD, Siemens, Thomson Locations: Frankfurt

Miniatures of windmill, solar panel and electric pole are seen in front of Siemens Energy logo in this illustration taken January 17, 2023. A producer of key equipment such as gas turbines, converter stations and wind turbines, Siemens Energy is viewed by the German government as vital to its energy transition from fossil fuels to renewables. Frankfurt-listed shares in Siemens Energy were up 3% at 0757 GMT. Siemens Gamesa, once considered the future growth driver for Siemens Energy, has become a millstone around the group's neck after deeper-than-expected wind turbine quality issues were disclosed in June. As part of the financial backing agreed with stakeholders, Siemens Energy said it would sell an 18% stake in Indian firm Siemens Ltd (SIEM.NS) to Siemens AG at a discount of 15%, confirming a previous Reuters story.

Persons: Dado, Christian Bruch, Spain's, Christoph Steitz, Linda Pasquini, Mark Potter Organizations: Siemens Energy, REUTERS, Siemens, Siemens Gamesa, Siemens AG, Reuters, Siemens Ltd, Thomson Locations: Frankfurt, MUNICH

☆ Spanish government in talks with banks to support Siemens Gamesa
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +1 min

Miniatures of windmill, solar panel and electric pole are seen in front of Siemens Energy logo in this illustration taken January 17, 2023. REUTERS/Dado Ruvic/File Photo Acquire Licensing RightsMADRID, Nov 14 (Reuters) - The Spanish government said on Tuesday it is working with banks to provide financial support to Siemens Gamesa, with the ultimate aim of protecting the workers the company employs in the country. "The future of Siemens Gamesa in Spain is a priority for the government," the Industry Ministry said in a statement. Siemens Gamesa has provided wind turbines to some of the biggest power companies and oil and gas majors worldwide and has warned troubles with its onshore wind turbines could take years to resolve. In Spain, the industry minister considers the government has several avenues of funding and support for the wind industry in the short term.

Persons: Dado, Siemens Gamesa, Corina Pons, Stephen Coates Organizations: Siemens Energy, REUTERS, Rights, Siemens Gamesa, Industry Ministry, Siemens, Thomson Locations: Rights MADRID, Germany, Spain

☆ German government supports Siemens Energy with $8 bln guarantees
▼ + stars: | 2023-11-14 | by ( Christian Kraemer | ) www.reuters.com time to read: +3 min

Miniatures of windmill, solar panel and electric pole are seen in front of Siemens Energy logo in this illustration taken January 17, 2023. Private banks were expected to provide Siemens Energy with guarantees worth 12 billion euros while Siemens Energy would seek another 3 billion from other sources, the statement said, adding it was conditional on the final sign-off of all parties. "We are pleased with the German government's clear support for Siemens Energy and the commitment to the rapid implementation of projects to make the energy transition a success," Siemens Energy said in a statement. Shares in Siemens AG rose 2.7% at 1517 GMT on the deal while Siemens Energy shares were up 0.3%. Siemens AG, which spun off Siemens Energy in 2020, is also expected to provide support by buying most of the 24% stake Siemens Energy owns in Siemens Ltd (SIEM.NS), an Indian joint venture, sources have told Reuters.

Persons: Dado, Marco Buschmann, Buschmann, Christian Kraemer, Alexander Hübner, Christoph Steitz, Linda Pasquini, Madeline Chambers, Matthias Williams, Kirsti Knolle, David Evans Organizations: Siemens Energy, REUTERS, Rights, Siemens AG, Reuters, Siemens Ltd, Siemens, RTL, ntv, Thomson Locations: Indian

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