GE Expands Wind Portfolio with Introduction of New Renewable Energy Business

Acquisition of Alstom’s renewable energy unit expands GE’s global wind footprint to more than 30,000 turbines worldwide.GE introduced its new Renewable Energy business at the European Wind Energy Association’s 2015 Annual Event in Paris last week.

“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.

“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 a new offshore wind unit into the portfolio. Featuring new Haliade turbine technology, the offshore business is involved in projects in France, Germany and the United States.

“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.”