Siemens Energy reported a renewed wave of customer inquiries regarding US offshore wind projects following the November 2026 US midterm elections. During the company’s fiscal year 2026 annual results presentation on November 11, CEO Christian Bruch noted that the Democratic Party’s midterm gains have rapidly shifted market sentiment back toward renewable energy, according to several sources.
According to Recharge News, Siemens Energy began receiving its first new questions regarding US offshore wind development immediately after the midterm elections.
CEO Christian Bruch told reporters at the annual press conference that customers have quickly started taking a different view of wind power, marking the early stages of a broader change in the US renewables market.
Despite the renewed interest, Bruch emphasized on the Q4 earnings call that large infrastructure projects take time to materialize. He expects a more substantial boost in offshore wind turbine orders toward the end of the decade rather than an immediate surge.
Broader FY 2026 & Wind division context
Siemens Energy’s wind unit, Siemens Gamesa, successfully reached its full-year breakeven target with a 0.1% profit margin.
Overall US orders across Siemens Energy jumped by 70.8% in fiscal 2026, making the United States the company’s most important market for order intake. This growth was heavily driven by gas turbines and grid technologies for data centers rather than wind.
At the same time, fueled by a record €164 billion order backlog, Siemens Energy announced plans to more than triple its dividend to €2.30 per share and expand its share buyback program by €9 billion.
According to Oilprice.com, Siemens Energy proposes to more than triple its dividend for the fiscal year 2026 ended on September 30 after booking record revenues and orders, driven by the grid and gas turbine businesses amid soaring electricity demand.
The Germany-based Siemens Energy on Wednesday said it delivered a record fiscal year 2026, meeting or exceeding all targets that it had raised earlier this year.
Siemens Energy’s revenue grew by 15.5% on a comparable basis to $49.3 billion (44.2 billion euros), with capacity expansions at existing Gas Services and Grid Technologies sites already contributing to higher output. Both businesses reported their highest quarterly revenue to date.
Orders jumped by 18.8%, with Gas Services the main driver with a 45.9% jump, followed by Grid Technologies, where orders rose by 14.5%.
