GE Renewable Energy made an operating loss of $162m in the first quarter of 2019, compared with a profit of $77m in the same period last year.
Segment profit was negatively impacted by liquidated damages and contract terminations in 2018, said the company.
Orders of $2.4bn were up 1% in Q1 of this year compared with the same quarter in 2018.
This quarter GE Renewable Energy received its first order for the new 5MW onshore Cypress platform and signed an agreement to install the first Haliade-X 12MW offshore wind turbine.
Revenues of $1.6bn were down 3% reported with equipment down 7%, partially offset by services up 9%.
According to GE, the business was still down year-over-year, principally driven by higher research and development investment for the Haliade-X, tariffs, joint venture consolidation, and pricing, which was partially offset by cost productivity and higher volume.
In Q1 2019 the manufacturer won a contract to provide 91 3MW turbines and a 20-year full service agreement for the 342MW Phoenix project in Aragon, Spain.
The company has a $9bn order backlog outside of North America.
GE Renewable Energy chief executive Jerome Pecresse (pictured) said the company’s backlog is up 16% versus the previous year and negative year-over-year revenue and operating profit results are as expected, due to “one-time factors”.
He said: “We have a very strong delivery schedule for the next three quarters and we remain on track to deliver on guidance for the year.”
This quarter GE Renewable Energy expanded its portfolio with grid solutions, and solar-storage hybrid systems.
“With one of the broadest portfolios in the renewable energy industry, we are uniquely positioned to help our customers address the global energy transition,” added Pecresse.