The German government has taken steps to support Siemens Energy by granting the company a 7.5 billion-euro guarantee. This guarantee is part of a larger package totaling €15 billion, aimed at strengthening Siemens Energy’s balance sheet and ensuring the continuity of its long-term projects.
In collaboration with Siemens and private banks, the government has been engaged in extensive discussions over the past few weeks. It was a prerequisite for the federal government that all stakeholders participate proportionately in securing the company.
While the agreement is still subject to review and approval processes, it includes guarantees of €3.5 billion from a bank consortium, €1 billion from private banks, and €3 billion from other stakeholders.
Siemens Energy has expressed satisfaction with the German government’s unwavering support and dedication to swiftly implementing projects that contribute to the success of the energy transition. Further details about this arrangement will be unveiled during the company’s annual press conference on November 15.
Additionally, Siemens Energy and Siemens are in talks regarding the sale of shares in a joint venture. This potential deal could generate approximately €2 billion in cash inflow for Siemens Energy. Reports suggest that Siemens Energy is currently considering selling a stake in Siemens India.
As soon as all necessary governance approvals are obtained and contracts are finalized, more information regarding this sale will be shared. Throughout this process, Siemens remains committed to finding the most favorable solution for all parties involved.