HomeRenewablesHydroelectricGE serves notice of offshore wind power ambition

GE serves notice of offshore wind power ambition

GE’s head of renewables has proclaimed his company’s intention to become a major player in the global offshore wind sector.

Jerome Pecresse told a press conference in Paris on Tuesday that GE is also interested in buying the Areva-Gamesa offshore wind joint venture Adwen.

The takeover of Alstom last year saw the creation of a global renewable energy unit with sales of $10.3bn, and staff of 13,000.
Jerome Pecresse
That enlarged unit has overseen the building of 25 per cent of the world’s installed base of hydropower and more than 20 percent of global onshore wind capacity, but until now has had no interest in offshore wind.

“We have the ambition to become one of the three major players in the offshore wind market,” Pecresse told reporters.

Siemens is European market leader for offshore wind with 63.5 per cent of installed capacity end 2015, followed by MHI Vestas with 18.5 per cent.

Adwen has contracts to build 1,500 MW of offshore wind on the French coast for utilities Engie and Iberdrola .Pecresse said that GE may be interested in buying Adwen, but that no talks had been held with the companies involved.

“We are in favour of a strong French offshore industry and a consolidation of the French players would contribute to that. We look at the evolution of Adwen’s capital with interest,” he said.