North American Windpower: GE Confirms Decrease In Wind Turbine Orders In Q4

GE Confirms Decrease In Wind Turbine Orders In Q4

by NAW Staff on Friday 18 January 2013

GE has released its earnings report for the fourth quarter of 2012, and despite its 13% year-over-year growth, the company reported a decrease in wind turbine orders.

GE's Q4 operating earnings were $4.7 billion, or $0.44 per share, both up 13% from the fourth quarter of 2011. The company's industrial segment saw a profit increase of 12% to $4.9 billion. GE says orders in its industrial segment were up 7%, "excluding the effects of a decrease in wind turbine orders," which was likely the result of diminished demand amid last year’s policy uncertainty.

The company says its ratio of equipment orders received to orders billed was 1.2 and that its backlog of equipment and services at the end of the quarter was its highest ever, at $210 billion.

More details on GE’s fourth-quarter earnings can be found here.

Latest Top Stories

Wind Consortium Deploys Nacelle-Mounted LIDAR At Offshore Site In Irish Sea

In an important development for performance verification for offshore wind sites, a group of companies have deployed a nacelle-mounted LIDAR at DONG Energy's 367 MW Walney Wind Farm.

As U.S. DOJ Investigates, Duke Works Adaptive Management Plan

With previous golden eagle fatalities reported at two company-owned wind farms in Wyoming, Duke Energy Renewables is going to great lengths to protect raptors.

DOE To Recast Landmark 20% Wind Energy Report; Study Looks Back, Ahead

The U.S. Department of Energy will update its 20% Wind Energy By 2030 report, which indicated increased levels of wind penetration for the U.S. is not only possible but feasible.

Wind Energy Procurement Top Of Mind For Big-Name Companies

With greater frequency, top-tier companies are discovering the economic and environmental power of wind energy and upping their investments in the resource.

WINDPOWER Panelists Issue A Call To Arms: Protect RPS Mandates

Votes on several legislative bills concerning state renewable portfolio standards (RPS) are nearing. How can you help protect and maintain these development drivers?