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(Disclaimer: I do a lot of work with various Siemens entities across the industry)

I'm glad they are participating to such deals - they are obviously very knowledgeable about the underlying projects and they do their job very professionally. And as they are not seen as rivals or competitors by other banks given their status, so they can actually play a useful role in helping solve problems. And they have cash, so you don't worry about them dropping out along the way...


Wind power

by Jerome a Paris (etg@eurotrib.com) on Fri Dec 21st, 2012 at 10:02:16 AM EST
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They don't try to cross-sell hardware or services from other parts of Siemens?
by IM on Fri Dec 21st, 2012 at 11:02:44 AM EST
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In offshore wind, they can only support projects with Siemens turbines, but in other sectors it's not so clear cut - I know that onshore they can finance projects with other turbine technologies - as long as the turbine choice has already been made.

Which makes sense - availability of financing is a lot more critical to commercial decisions (and deals happening) offshore than onshore.

In other sectors like transport, I have no idea.

Wind power

by Jerome a Paris (etg@eurotrib.com) on Sat Dec 22nd, 2012 at 01:21:11 PM EST
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