GE Renewable Energy lost more than $300m in the first quarter of the year, partly down to Covid-19 disruptions, as parent group General Electric flagged “headcount/cost reductions” at the division.

The Paris-based renewables unit lost $302m in the January to March period, widening 61% from a deficit of $187m at the same stage last year.

GE said the increased loss was “mainly driven by the non-recurrence of a non-cash gain in the first quarter of 2019, supply chain disruption due to Covid-19, and fulfillment delays, partially offset by higher onshore wind volume”.