Alstom's RE order intake up 50%

The Haliade’s components are loaded onto the Bold Tern  vessel, ready to be installed at Belwind 2

Alstom's first Haliade offshore wind turbine was recently installed at the Belwind site.

Renewables is poised to continue playing a major role in Alstom’s growth story, with the division recording a 50% order increase over the past three quarters – cutting a sharp contrast to the company’s far larger Thermal Power unit.

Revenues from the Renewable Power division grew 5% to €1.25bn ($1.7bn) in the three quarters running through 31 December 2013, the French industrial giant said today.

But the unit's orders soared 50% – to €1.83bn – during the period, due in part to the €400m follow-on wind-turbine order Alstom recorded in late December from Brazilian infrastructure group Queiroz Galvão. Revenues were up 27% during the third quarter, covering the October to December period.

By comparison, Alstom’s Thermal Power unit saw new orders fall 16% over the past three quarters. Sales during the period rose 2% to €6.4bn.

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