Close Menu
reNEWSreNEWS
  • Home
  • Offshore Wind
  • Onshore Wind
  • Solar
  • Other News
    • Energy Storage
    • Finance
    • Grid
    • People
    • reMIX
  • More
    • Company Profiles
    • Events
    • National Wind Energy Awards 2026
Latest News

PODCAST: Is UK offshore wind back on track?

All-Energy 2026: Shanks bullish on UK clean power

GWEC, TÜREB launch wind partnership

LinkedIn Facebook X (Twitter)
LinkedIn Facebook X (Twitter)
  • Email Briefings
  • About
  • Advertise
  • Contact
reNEWSreNEWS
  • Home
  • Offshore Wind

    PODCAST: Is UK offshore wind back on track?

    May 13, 2026

    UK offshore wind pipeline reaches 93GW

    May 13, 2026

    Seaway7 completes Hai Long cable works

    May 13, 2026

    DEME names new jack-up vessel

    May 13, 2026

    Mubadala invests $325m into Hornsea 3

    May 13, 2026
  • Onshore Wind

    ENERCON to build Türkiye blade plant

    May 13, 2026

    ‘Fatality at South Korean wind farm’

    May 13, 2026

    Scottish onshore wind forum launches

    May 12, 2026

    ENOVA starts 30MW Hiddels repowering

    May 12, 2026

    Iberdrola buys 40MW Italian wind farm

    May 12, 2026
  • Solar

    VSB secures Sicily PV project approval

    May 13, 2026

    Matrix connects two Spanish renewable projects

    May 13, 2026

    Qualitas targets €10bn energy investments

    May 12, 2026

    Consultation opens for 49.9MW Barrons Solar

    May 12, 2026

    Great North Road solar nears decision

    May 11, 2026
  • Other News
    • Energy Storage
    • Finance
    • Grid
    • People
    • reMIX
  • More
    • Company Profiles
    • Events
    • National Wind Energy Awards 2026
LinkedIn Facebook X (Twitter)
reNEWSreNEWS
Home » Uncategorized » GE Renewable Energy makes $666m loss
Finance

GE Renewable Energy makes $666m loss

Robin LancasterBy Robin LancasterJanuary 29, 20202 Mins Read
GE wins breakthrough 1.2GW Haliade-X deal from Orsted

GE Renewable Energy made a loss of $666m last year, compared with a profit of $292m in 2018.

The company did not give reasons for the yearly loss, but said a $197m loss in the fourth quarter – wider than the $21m loss in Q4 2018 – was down to several issues.

Advertisement

They included execution issues, particularly in the grid business, onshore price headwinds, tariffs and increased research and development investment.

Losses were partially offset by volumes with orders and revenue both up over the whole year by 10% and 7% to almost $16.9bn and $15.4bn, respectively.

The backlog also rose by 16% to over $27.5bn, the company said in its end of year 2019 results.

GE said 1215MW of orders were secured in China, with total sales for the year at 9500MW, up 40% year-on-year.

Revenue from the services business, which includes repower kits, rose 7% in 2019 to just over $3bn.

Orders were down in the fourth quarter to $4.7bn from almost $5.3bn due to the non-repeat of large deals in hydro and grid solutions, GE said.

Onshore wind orders were flat in the last quarter of the year, but the company did make record deliveries in the period of 1553 of which about two-thirds were in the US.

GE said testing to secure type certification is continuing on its 12MW Haliade-X prototype offshore wind turbine.

The model remains on track for commercialisation by 2021, the company said.

Finance GE Haliade-X Offshore Wind Onshore Wind Other News
Share. Facebook LinkedIn Bluesky Twitter Reddit Email Copy Link
Previous ArticleEnlight lines up 100MW Georgia wind
Next Article EDF JV unleashes 105MW Verdant in India

Related News

Siemens Gamesa posts loss in ‘challenging’ Q3

July 30, 2021

Brookfield posts Q3 loss despite earnings rise

November 11, 2019

Offshore wind lifts UK renewables to ‘best ever Q2’

September 26, 2019
Advertisement

Latest News

PODCAST: Is UK offshore wind back on track?

May 13, 2026

All-Energy 2026: Shanks bullish on UK clean power

May 13, 2026

GWEC, TÜREB launch wind partnership

May 13, 2026

ENERCON to build Türkiye blade plant

May 13, 2026
Advertisement

Advertisement

Company Profiles
  • Collett & Sons Ltd
  • TGS
  • Seaway7
    Seaway7
  • Qualsurv Marine Consulting
    Qualsurv Marine Consulting
  • Pembroke Port
  • Ørsted
  • Oceantic Network
  • LSP
    LSP Renewables
  • Full Circle Wind Services
  • Brightwind
    BrightWind Limited
reNEWS
LinkedIn Facebook X (Twitter)
reMIX | Company Profiles | Industry Events
Get in touch | Advertising with us | About reNEWS

© 2026 Lewis Business Media. All Rights Reserved.
Lewis Business Media, Suite A, Arun House, Office Village, River Way, Uckfield, TN22 1SL

Terms and Conditions | Privacy Policy | Cookie Policy

Type above and press Enter to search. Press Esc to cancel.

Manage Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}