France’s Alstom is to exit three joint ventures with GE – including one in Renewable Energy – set up under the power sector asset deal the two concluded in 2015, and at the cost of a further €2.6bn ($3.1bn) to the US industrial giant.
The 50/50 renewables JV includes the France-based offshore wind operation originally set up by Alstom but a key part of GE Renewable Energy since the $9.5bn
