GE prefers growth to acquisition

GE's Vic Abate

GE's Vic Abate

US turbine manufacturer GE is happy to rely on organic growth amid consolidation in the wind-power sector, vice-president for renewables Vic Abate tells Recharge.

"When you think of consolidation you think of a buyer and a seller," he says, "but I ask myself ‘what can't I do organically?’”

Abate points to GE Renewable Energy's ability to leverage the wider resources of the GE group – such as its power business, its aircraft engine operation and its global research centres – to develop new technological solutions.

He questioned the logic of buying more turbine assembly capacity in the current market, which he described as one of "rampant capacity", and said that there is a danger of acquiring out-of-date Log in to read complete article.

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