GE Expands Wind Portfolio, Introduces New Renewable Energy Business
General Electric (GE) recently introduced its new Renewable Energy business at the European Wind Energy Association’s 2015 Annual Event, which was held November 17-20 in Paris. The new unit significantly expands GE’s wind portfolio in the wake of its recent acquisition of Alstom’s power and grid businesses. The new business expands GE’s global wind footprint to more than 30,000 turbines worldwide and significantly increases its presence in regions like Europe and Latin America. In Europe alone, GE’s installed base will grow by approximately 50% as a result of the deal.
“Today is an exciting day for the future of the wind industry,” said Jérôme Pécresse, president and CEO of GE Renewable Energy. “With the creation of our new business, GE now has one of the world’s largest renewable energy footprints, and our goal is to help drive the wind industry forward by drawing on the shared expertise of two innovative companies.”
GE Renewable Energy is also welcoming a new offshore wind unit into the portfolio. Reportedly featuring new Haliade turbine technology, the offshore business has built a significant backlog of orders with EDF in France and has been selected for the Merkur offshore project in Germany. The Haliade technology will also be featured in the historic Block Island project, which is set to become the first offshore wind farm in the U.S. Construction is underway, and the project will begin operation next year.
“Offshore wind is a challenging industry, but we believe the market has real potential,” said Anders Soe-Jensen, president and CEO of GE’s offshore wind unit. “Our goal is to work closely with customers to continue validating our technology as we begin to scale and grow the business.”
Customers can also expect to see service-related benefits resulting from the acquisition. GE Renewable Energy plans to extend its services capabilities across both existing fleets, with an emphasis on using cutting-edge digital and analytics capabilities to help customers improve productivity and increase power output
For more information, visit www.ge.com.