in News Departments > New & Noteworthy
print the content item

GE, which overtook Vestas as the world's largest wind turbine manufacturer last year, expects sales in its wind energy business to remain flat this year, the company said in its 2012 financial report.

Although earnings from GE's Power & Water business grew by 8% in 2012, the wind energy sector remains "volatile," the company said. While the production tax credit's eleventh-hour extension improved the forecast for 2014, it came a little too late to help the company this year.

"We had a very strong year in 2012, but due to U.S. regulatory uncertainty, this year will be difficult," GE’s report states. “Based on strong global demand with expanding service, we expect Power & Water growth to resume in 2014.



Trachte Inc._id1770
Latest Top Stories

Quebec Government Postpones Wind Power RFP; No New Date Scheduled

The request for proposals (RFP) is part of an overall 800 MW wind power tranche that will serve as a bridge to the next phase in the province's energy future.


Setting The Record Straight: How Many Birds Do Wind Turbines Really Kill?

Several peer-reviewed studies are more or less in agreement with avian mortality rates caused by wind turbines. However, one study, which is wildly off from the others, is most often cited in the media. Why?


Six Takeaways From The IRS' Start Of Construction Guidance: What You Need To Know

The IRS recently issued guidance to wind developers to further spell out what "start of construction" means. Will you be covered?


Eagle Take Permits For Wind Farms - Will They Fly?

Now that the U.S. Fish and Wildlife Service has issued the first permit allowing the legal take of eagles, can wind developers expect more certainty in the agency's application process?


Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price

In a new report, the U.S. Department of Energy details the highs and lows of the country's wind industry last year, and the agency maintains that the U.S. sector remains strong.

Renewable NRG_id1934
Canwea_id1984
Tower Conference_id1965
UnitedEquip_id1995