GE Reaches Milestone for Wind Installations as US Industry Heads for Cliff
GE last month celebrated its 20,000th wind turbine installation, a gargantuan achievement given the US power generation giant only stepped into the sector in 2002 when it purchased the wind power assets from recently bankrupted Enron.
In many ways, GE's meteoric rise tracks the growth of the global industry. From a cumulative global capacity of 31.1GW globally, the US and China each hit the 50GW milestone this year, and Europe's installed capacity reached 100GW.
"Ten years ago we had 2,000 units across the globe, today we have over 20,000 units. It's gone from being a very small part of power generation installs over the last four years," said Matt Guyette, Chief Strategy and Marketing Officer for GE Wind.
The US wind industry has added more than 35% of all new generating capacity over the past five years, second only to natural gas, and more than nuclear and coal combined, according to the American Wind Energy Association.
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