Both effects lead to additional charges of €600 million in the 3rd quarter. The cash outflow resulting from these burdens will be spread over several years and amount to a low two-to-three-digit sum in the current year. Siemens Gamesa is currently in the process of ramping up various factories for offshore production or converting them to larger turbines, including in France, Germany, Denmark and the United Kingdom. The continuing tight procurement market and the strained labor market are contributing to these burdens. The offshore wind sector is pivotal in achieving ambitious EU-wide renewable energy targets. The imperative to rapidly expand offshore wind turbine installations to meet these targets has exposed the challenges of managing supply chains and labor markets. Siemens Energy underlines – Every year, 30 gigawatts (GW) must be added to reach the targets set by 2030 (comparison: total installed capacity currently 255 GW)."