UPDATE 1-Government guarantees incur around $547 mln in fees for Siemens Energy - sources
(Changes sourcing, adds details)
BERLIN, Dec 14 (Reuters) - Siemens Energy may have to pay around 500 million euros ($547 million) in fees over the next three years for 7.5 billion euros in state-backed project guarantees it secured last month, according to two people familiar with the matter.
At the time of the agreement, which capped weeks of major uncertainty for Siemens Energy, sources had told Reuters that the guarantees were envisaged to be in place for 2-3 years and tied to high costs.
Siemens Energy, which was unable to get the guarantees from banks due to problems in their wind division and a subsequent credit downgrade, has since said that it would not be allowed to pay bonuses or dividends while it draws on Berlin's help.
WirtschaftsWoche first reported the amount Siemens Energy may have to pay for the guarantees.
A Siemens Energy spokesperson declined to comment on specific numbers, only saying that drawing on the state guarantees was considered a temporary solution, not a long-term one.
Germany's Economy Ministry had no immediate comment. ($1 = 0.9143 euros) (Reporting by Rachel More, Christoph Steitz, Christian Kraemer and Linda Pasquini; Editing by Miranda Murray)
