GE chief Culp: US industrial giant 'well positioned but must make better margins'

US industrial conglomerate General Electric’s onshore wind business is experiencing “remarkable growth” but needs to deliver better margins, while profitable revenues remain several years away for its top-of-line offshore machine, the 12MW Haliade-X turbine, according to CEO Larry Culp.

GE is “well-positioned” to capture onshore wind growth, particularly in its home market – the world’s second largest after China – where the OEM has pulled ahead of arch-rival Vestas by about 12 percentage points.