GE expects wind growth in 2017 after record year

Neither Donald Trump nor the price pressure on onshore turbines is worrying US turbine manufacturer GE, which after year with record deliveries still has an ace up its sleeve to secure increased growth.

Photo: General Electric Company

GE expects big earnings as well as an increased profit from its offshore wind turbine business in 2017, stated the US company's CEO at a telephone conference Friday afternoon after publishing the conglomerate's report for the fourth quarter last year. A growth which will take place in light of headwinds.

"The price is a huge challenge for onshore wind," stated CFO Jeffrey Bornstein, pointing out that profitability must ensured via more than just increasing the sale of new turbines.

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