GE says it intends to intensify its focus on the growing renewable energy market by consolidating all of the company’s renewable and grid assets into a single, simplified renewable energy business. Global demand for renewable power generation and the associated grid integration continues to increase globally with renewable capacity additions of 178 GW accounting for more than two-thirds of global net electricity capacity growth in 2017. The announcement is part of a broader effort to position the company to meet the evolving needs of the power market, including the growth of renewable energy. The company says this will enable it to drive more local and integrated solutions, simplify its structure, and improve performance. The business will be capable of supporting customers from project development, to equipment and services, to full turnkey solutions.
Contact James Healy, GE, firstname.lastname@example.org
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