GE expands wind portfolio with new renewable business unit

Wednesday, 25 November, 2015 - 10:00
With the acquisition of Alstom’s wind business, GE expands its wind portfolio. (Photo: GE)
With the acquisition of Alstom’s wind business, GE expands its wind portfolio. (Photo: GE)

GE introduced its new renewable energy business unit at the EWEA annual event in Paris. The new unit expands GE’s wind portfolio in the wake of its recent acquisition of Alstom’s power and grid businesses, including the Haliade offshore turbine.

“Today is an exciting day for the future of the wind industry,” said Jérôme Pécresse, President & 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.”

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.

“Over the past few years, we have really focused on making our wind business more global,” explained Anne McEntee, President & CEO of GE’s Onshore Wind Unit. “The Alstom deal helps us gain local experience in key growth regions, and we will be extending our services capabilities to a broader group of customers across the newly combined fleet.”

In addition, GE Renewable Energy is welcoming Alstoms’s offshore technology into the portfolio. Featuring the Haliade, 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 United States. 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 & 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.”

Katharina Garus / GE

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