3 Ways General Electric Just Got Serious About Wind Energy
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Transcript of 3 Ways General Electric Just Got Serious About Wind Energy
3 Ways General Electric Just Got Serious About Wind Energy
Image source: GE
1. International Scale
International Scale
• More than 30,000 turbines worldwide
• 50% increase in European presence
• Latin America expansion
With the Alstom acquisition:
2. New Offshore Opportunities
New Offshore Opportunities
• Backlog of offshore wind orders from France’s largest utility
• Offshore project in Germany• Turbine technology to be
used in the United States’ first (30 MW) offshore wind farm
Alstom’s handoff includes:
3. Increased Investor Transparency
Increased Investor Transparency
• Historically, renewables have been clumped under GE’s “Power & Water” unit.
• Now, investors will have access to fundamental finance numbers on renewable energies, alone.
• This move could also be a signal that GE’s renewable energy business is doing well enough for the company to feel good about financial transparency—a potentially good sign for investors.
GE’s decision to create a renewable energy business unit means more detailed reports for investors.
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