GE wants offshore wind to offset weak sales of gas turbines

The US manufacturing giant underestimated the offshore wind market and gambled too much on gas power plants, says the CEO for GE Renewable Power in an interview.

Photo: Deepwater Wind

It took GE too long to realize that the global energy market had turned away from fossil power plants and moved toward renewable energy.

GE underestimated the offshore wind market in particular, says Jérôme Pécresse, Chief Executive of GE Renewable Power, in an interview with the Financial Times.

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