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Siemens Gamesa, the struggling wind division of Germany's Siemens Energy, plans to cut costs by around 400 million euros ($436 million) by 2026, according to presentation slides posted online ahead of the company's capital markets day. The goal was to "simplify organization and optimize overhead costs" while the Siemens Gamesa's onshore wind turbine capacity is to be adjusted according to a refined product and market roadmap, the slides said, without providing further details. The comments come less than a week after Siemens Energy unveiled a 4.6-billion-euro loss due to Siemens Gamesa, where a mix of product quality issues and ramp-up problems have pushed out a much anticipated break-even to 2026.