GE Vernova’s wind segment has posted losses of nearly $382m, up from the $146m the company lost in the first quarter last year.
The turbine supplier attributed the losses to lower equipment deliveries and the impact of tariffs in the onshore wind division, and from contract losses in the offshore wind segment.
The company also posted a 23% drop in first quarter revenues for the company’s wind segment compared with the same period last year.
The turbine supplier posted $1.43bn in revenue for the three months that ended 31 March, compared with $1.85bn this time a year ago.
The lower revenue figure was on the foot of lower onshore wind equipment deliveries, a result of soft orders in the first half of 2025 for the company.
At the same time orders for the company jumped to just shy of $1.2bn, up from $640m worth of orders the company received last year.
Onshore wind orders in North America drove the growth, GE Vernova said.