GE will lose billions on wind in 2019
A hyperactive US wind market will restrict free cash flows, says GE, which counts on installing more than 4,000 wind turbines this year – but expects its renewable energy division to book a profit margin of zero.
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General Electric will be hitting the restart button in 2019. That was the US conglomerate's main message in its annual investor outlook published Thursday. The company expects negative cash flows of up to USD 2 million, and the renewable energy division will be causing the deepest brow furrows with its projected cash flow deficit of around USD 800 million.
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