The head of GE’s onshore wind business claimed a leaner “workhorse” product strategy and the upsurge in prospects for US renewables could turn around the loss-making unit’s fortunes in two years, as he said turbine manufacturers had “just become too complex”.

Vic Abate, CEO for onshore wind at GE, told investors “we’ll take a negative onshore wind business in 2022 to a profitable low single-digit business next year”.