EUBCE 2026

Siemens Energy Plans to Invest $2.3bn in Transformer Setups

Siemens Energy plans to invest $2.3bn equivalent to 2 billion euros, equivalent throughout its global transformer and switchgear factory network by 2028, as per a presentation slide that was released ahead of its capital markets day on November 20, 2025.

Notably, as Siemens Energy plans to invest $2.3bn, it also aims for a 20% increase in the capital expenditure as well as research and development investments for the 2026-2028 period as compared to 2023-2025.

Moreover, Siemens Energy looks to distribute almost 10 billion euros in dividends and also share buybacks across the 2026-2028 period.

Siemens has also gone on to reveal plans to make its manufacturing footprint seamless through reducing its onshore wind manufacturing sites to only 4 locations in 2026, which is down from 10 locations that existed in 2023.

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