GE is celebrating a decade in the wind power business with the prediction that its global installed turbine base will top 20 000 this year.
The global company entered the sector in 2002 through the acquisition of Enron Wind and has since installed 18 000 turbines and grown the business from 500 MW to 28 GW of installed capacity.
Vic Abate, vice president of renewable energy for GE, said the company was “bullish” on wind power. “The cost of wind power has gone from mid-double digits to mid-single digits, largely due to wind turbine efficiency, manufacturing productivity and availability improvements.”
Abate pointed to Brazil, Canada, China, Europe and India as the top growth markets for GE’s wind business in the immediate future: “We are rapidly growing in Europe and both Canada and Brazil are very active.”