EnergyWatch

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.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Further reading

Related articles

Latest News

See all jobs