GE's wind turbines under severe price pressure

Even though the order intake in the fourth quarter was virtually the same as the year before, earnings on onshore wind turbines are declining 19 percent. "Major price pressure," says GE.
Photo: General Electric Company
Photo: General Electric Company

In last year's fourth quarter, GE's sales and order intake for wind turbines remained at the level of the year before. The US conglomerate sold 725 turbines and landed orders for 1,165, which was 64 fewer sold and 25 fewer ordered turbines than in the same period the year before.

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Recent years have mauled global turbine industry, and German Nordex also notes growing deficits. | Foto: Nordex

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