Federal government supports Siemens Energy with billion-euro guarantee
The German government is supporting the energy technology group Siemens Energy with a guarantee of 7.5 billion euros. This was announced by the Federal Ministry of Economics in Berlin on Tuesday. However, the money will only be made available on the condition that banks, among others, also guarantee the company.
The Federal Government's guarantee of 7.5 billion euros is intended to support Siemens Energy in the energy sector. This financial aid is primarily aimed at securing loans for the company in the field of electricity generation and distribution.
Source: www.dpa.com
