first published week of: 12/21/2015
GE introduced its new Renewable Energy business at the European Wind Energy Association’s 2015 Annual Event 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
“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,” said Jérôme Pécresse, President & CEO of GE Renewable Energy.
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 percent 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.”