GE Renewable Energy made an operating loss of $371m in the first half of 2019, compared with a profit of $196m in the same period last year.
The loss came despite orders rising 17% to almost $7.19bn from $6.15bn and revenue growing 8% to more than $6.16bn from over $5.72bn in 2018.
GE said the sector had faced turbine pricing pressures and was also impacted by challenging onshore project execution in Asia-Pacific, joint-venture consolidation, higher losses on legacy contracts and increased research and development investments and tariffs.
GE Renewable Energy president and chief executive Jerome Pecresse said: “Our renewable energy business has significant long-term potential, as evidenced by the strong orders growth in the quarter and continued growth of our backlog.
“In the quarter, we saw improved pricing in onshore wind, announced several deals outside the US and made noteworthy progress on both the Haliade-X and Cypress platforms.”
The results were the first time GE Renewable Energy included grid solutions.
Pecresse added: “Looking forward we see good levels of activity for 2021 projects in the US, despite the lower value of production tax incentives.”