This summary text is fully AI-generated and may therefore contain errors or be incomplete.
The German federal government has provided Siemens Energy with a guarantee of €7.5 billion as part of a total guarantee line of €15 billion. Private banks have also agreed to provide guarantee lines of €12 billion, some of which will be backed by the federal guarantee. Siemens Energy is in negotiations with other parties to secure an additional €3 billion. The company is also expected to receive around €2 billion from the sale of shares in a joint venture, potentially with Siemens India. These measures come as Siemens Energy faces challenges with its wind power subsidiary, Siemens Gamesa, which has been causing significant losses. While other business areas such as conventional power plant technology and power transmission have been performing well, they have not been able to offset the losses from the wind power sector. Siemens Energy is set to announce its financial results for the past fiscal year, and it is anticipated that the company will report a significant loss.