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Siemens unveils new 2014 target for green energy revenue

Nov 8, 2010, 8:22 GMT

Munich- German engineering giant Siemens unveiled on Monday a new target for revenue for the group's green energy businesses, of 40 billion euros (55 billion dollars) by 2014.

The Munich-based company had previously set a target of 25 billions revenue by 2011 from the its environmental operations which include wind turbines, energy-efficient lighting and train carriages with environmental features.

Revenue from the group's green products totalled about 28 billion euros in the company's fiscal year through to September, Siemens said.

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