Siemens Energy announces exit from new coal projects

Germany’s Siemens Energy has announced that it is withdrawing from all new coal projects and would no longer bid for tenders for pure coal-fired projects.

The withdrawal only relates to new business with pure coal-fired power plants and not to existing projects, service or ongoing tenders. The company would continue to offer bridging technologies like gas-fired plants and components for efficient combined heat and power (CHP), waste heat and biomass co-firing projects as also continue its CO2-reducing service and solutions business.