INNOVATION DRIVES GROWTH OF RENEWABLE ENERGY

“According to financial analysts, by 2020, renewables will have become the cheapest form of power generation. It is estimated that the price for renewable energy will drop by ~4% each year from 2019-2021. Those kinds of continuing efficiencies will enable green power to become the primary, mainstream power source for people everywhere over the next 20-40 years."

- Jérôme Pécresse, President & CEO, GE Renewable Energy

GE Renewable Energy 3rd Quarter 2018 Highlights

 


Key Contracts and Milestones

ONSHORE WIND

  • Launched Cypress Onshore Wind Platform, including 5.3 MW unit capable of producing power for the equivalent of 5,200 European residential homes. Lowers costs of energy and serves land constrained markets with unique two-piece blade design.

  • Eni and GE Renewable Energy announced that GE will supply 13 of GE's 3.8-130 onshore wind turbines for the Badamsha project in Kazakhstan. With its 48 MW of wind power the plant will increase the Country's wind capacity by 25%.

  • Commercializing innovative hybrid solutions: Commissioning the 37 MW Wind + Storage Tullahennel project in Ireland, the first commercial wind turbine integrated BESS system in the world.  Also closed a 2.5 MW Wind + Solar deal with Juhl Energy in Minnesota.

 

GE's Cypress Onshore Wind Platform
GE's Cypress Onshore Wind Platform

OFFSHORE WIND

  • Completed installation of 396 MW Merkur offshore windfarm in Germany’s North Sea on time, demonstrating our capacity to handle complex offshore projects.

 

Haliade 150-6MW offshore wind turbines at Merkur Offshore Wind farm
Haliade 150-6MW offshore wind turbines at Merkur Offshore Wind farm

HYDRO

Commissioned two strategic projects:

  • Qiongzhong pumped-storage power station in China (600 MW)
 
  • Obervermuntwerk II pumped-storage power station in Austria (360 MW)

 

Silvretta reservoir, Austria - (c) LaMiaFotografia, via Shutterstock
Silvretta reservoir, Austria - (c) LaMiaFotografia, via Shutterstock

LM WIND POWER

  • Closed commercial agreements for delivery of blades in the 2-4 MW segment through 2020 for China, Brazil and India.
 

 

WMC test facilities, Wieringerwerf, NL
WMC test facilities, Wieringerwerf, NL

DIGITAL SERVICES

 
  • 25K units connected, 15K assets under management, and 5M data points continuously collected globally across our software platform
 

 

Servicing wind turbines at Meikle wind farm, British Columbia, Canada
Servicing wind turbines at Meikle wind farm, British Columbia, Canada
Our mission is to enable our customers to lower the cost of energy around the world. The Cypress platform, which builds on our track record of success, will enable our customers to achieve a new level of competitiveness in the power generation marketplace."

- Pete McCabe, CEO of GE Renewable Energy Onshore Wind

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