Siemens Gamesa Renewable Energy released its results for the second quarter of fiscal year 2018 (January-March) today. Commercial activity in the second quarter of 2018 remained strong: after three consecutive quarters of growth in order intake, the order backlog has reached 22,041 million and is back to market-peak levels of March 2017.
During the period January-March, Siemens Gamesa signed more than 3,000 million in firm orders reaching full coverage of the low end of the 2018 revenue guidance ( 9.0-9.6 billion).
By Business Unit, the second quarter of 2018 ended with a record onshore order intake of 2,464 MW, 54% more than in the same period of the previous year. Offshore order intake in this quarter reflects expected volatility with 328 MW in firm orders. In particular, the company signed an exclusivity agreement to develop the world's largest offshore wind farm to date (1.4 GW).
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