Siemens to strengthen its renewables business - Company to set up two divisions for wind power, and solar and hydro

Siemens is gearing up for further growth in renewables. Effective October 1, 2011, the company wants to realign its renewables business into two independent units. The existing Renewable Energy Division shall be divided into two new divisions Wind Power and Solar & Hydro. Dr. Felix...

Siemens is gearing up for further growth in renewables. Effective October 1, 2011, the company wants to realign its renewables business into two independent units. The existing Renewable Energy Division shall be divided into two new divisions Wind Power and Solar & Hydro. Dr. Felix Ferlemann, to date head of the Chassis Systems Division of Benteler Automotive, is to be appointed CEO of the Wind Power Division.

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