IN DEPTH: GE's European push

Cliff Harris: 'We’ve realised that we need to be a pan-European player'

Cliff Harris: 'We’ve realised that we need to be a pan-European player'

General Electric has some bad news for suppliers of onshore wind turbines in Europe.

After several years of happily gorging on US demand whipped up by the production tax credit (PTC), GE has once again set its sights across the Atlantic.

It is a major strategic pivot for GE, and one with huge significance for the European turbine market.

GE effectively tied with Vestas last year as the world’s largest supplier of wind turbines (although some estimates put the US supplier narrowly ahead of its Danish rival).

Yet the discrepancy between GE’s position in the US and European markets is striking — 96% of the turbines Log in to read complete article.

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