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> GE wouldn't downsize. "GE’s renewables segment is going to generate between $15 billion and $16 billion in revenue this year, and onshore wind will make up t
by pwinnski 4y ago
> GE wouldn't downsize.
"GE’s renewables segment is going to generate between $15 billion and $16 billion in revenue this year, and onshore wind will make up the vast majority, roughly 70%."
The returns are fine and growing, but GE is restructuring, and as the article points out, facing stiff competition and supply chain issues as well. Apparently they think losing 20% of their staff will help, and it doesn't necessarily have anything to do with how long it takes a new tower to become profitable.