GE floats new renewable energy business

18 November 2015 (Last Updated November 18th, 2015 04:31)

GE has launched its renewable energy business, combining the existing onshore wind energy platform with a new offshore unit.

GE

GE has launched its renewable energy business, combining the existing onshore wind energy platform with a new offshore unit.

GE Renewable Energy will be backed by the recently acquired power and grid businesses from Alstom.

The new business expands the conglomerate’s reach in Latin America, and Europe, where its installed base is expected to grow by 50%. Its footprint will expand to more than 30,000 turbines worldwide.

GE Renewable Energy president and CEO Jérôme Pécresse said: "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 company completed the €12.35bn acquisition of Alstom’s power and grid businesses earlier this month, after receiving regulatory approval in more than 20 countries and regions.

GE onshore wind unit president and CEO Anne McEntee said: "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."

The new offshore wind unit features Haliade turbine technology, which has existing orders with EDF in France, and has been selected for the Merkur offshore project in Germany and the US’ first offshore wind farm Block Island project.

GE offshore wind unit president and CEO Anders Soe-Jensen said: "Offshore wind is a challenging industry, but we believe the market has real potential."

"With the creation of our new business, GE now has one of the world’s largest renewable energy footprints."

The new company has launched a new family of 3MW wind turbines at the European Wind Energy Association’s 2015 Annual Event in Paris.

The two new models in the 3.4-130 and 3.4-137 categories will join the recently launched 3.2-130 onshore wind turbines.


Image: GE’s new business is backed by the energy portfolio acquired from Alstom. Photo: courtesy of General Electric.