Top executives from US power technology giant GE highlighted the multiple pressures and uncertainties facing its onshore wind business as they summed up its renewable energy unit’s latest quarterly results as “disappointing – and we know we have a lot to do here”.
GE Renewable Energy is taking a “more measured and conservative posture with respect to the outlook on onshore wind”, said GE CEO Larry Culp, as the group said persistent questions about the future of US federal wind power incentives and a “pause” as customers delay projects to assess increased prices in the supply chain have combined to cloud how 2022 would play out in its key domestic market.
