Siemens Energy chief executive Christian Bruch
Siemens Energy chief executive Christian Bruch

Siemens Energy today announced that it was withdrawing from all new coal projects.

Chief executive Christian Bruch told a press conference: ā€œEffective immediately, we cease supporting the development of new coal-fired power plants.ā€

He explained that while the company would honour all existing coal-related agreements, it would no longer bid for tenders for pure coal-fired projects.