GE Leads U.S. Wind Market But Faces More Competition

APRIL 8, 2010, 7:23 A.M. ET

BY PAUL GLADER

General Electric Co. installed more wind turbine capacity than rivals in the U.S. last year, but faces new competition from Asian companies, according to a report from the Washington, D.C.-based American Wind Energy Association, scheduled for release Thursday.

GE installed nearly 4 gigawatts, or 40% of new U.S. wind turbine capacity in 2009, up from 3.7 gigawatts in 2008, the report said. GE sold roughly $6 billion of wind turbines worldwide in 2009, company executives say.

Denmark's Vestas Wind Systems A/S, Germany's Siemens AG and India's Suzlon Energy Ltd. ranked second, third and fourth in new capacity in the U.S. ...

Source: http://online.wsj.com/article/SB10001424052702303720604575170500339244626.html

Comments