GE Renewable Energy boosted profits and orders in the first quarter of 2018, as the unit hailed “strong US megawatt growth” in onshore wind – albeit with continuing price pressures.

The renewables business delivered a 10% year-on-year increase in segment profit to $77m in the January-March period, as its margin grew to 4.7% from 4%, driven by the acuisition of LM Wind.