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. Siemens also intends to bundle its solar and hydro power business activities in a new division Solar & Hydro.
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. Siemens also intends to bundle its solar and hydro power business activities in a new division Solar & Hydro.
