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.
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.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
GE's share hits lowest level since 2011
For subscribers
GE wins more turbine orders
For subscribers
Distressed GE is considering a breakup
For subscribers
