GE 2015 Annual Report Download - page 68

MD&A SEGMENT OPERATIONS | RENEWABLE ENERGY
40 GE 2015 FORM 10-K
RENEWABLE ENERGY
BUSINESS OVERVIEW
Leader: Jérôme Pécresse
Headquarters & Operations
x President & CEO, GE Renewable Energy
x Former Alstom Renewable Power Executive
Vice President
x 5% of segment revenues in 2015
x 6% of industrial segment revenues
x 2% of industrial segment profit
x Headquarters: Paris, France
x Serving customers in 40+ countries
x Employees: approximately 11,000
Products & Services
GE Renewable Energy makes renewable power sources affordable, accessible, and reliable for the benefit of
people everywhere. With one of the broadest technology portfolios in the industry, Renewable Energy creates
value for customers with solutions from onshore and offshore wind, hydro, and emerging low carbon technologies.
With operations in 40+ countries around the world, Renewable Energy can deliver solutions to where its customers
need them most.
x Onshore Wind ± provides technology and services for the onshore wind power industry by providing wind turbine platforms and
hardware and software to optimize wind resources. Wind services help customers improve availability and value of their assets
over the lifetime of the fleet. Digital Wind Farm is a site level solution, creating a dynamic, connected and adaptable ecosystem that
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x Offshore Wind ± offers its high-yield offshore wind turbine, Haliade 150-6MW, which is compatible with bottom fixed and floating
foundations. It uses the innovative pure torque design and the Advanced High Density direct-drive Permanent Magnet Generator.
Wind services support customers over the lifetime of their fleet.
x Hydro ± provides full range of solutions, products and services to serve the hydropower industry from initial design to final
commissioning, from Low Head / Medium / High Head hydropower plants to pumped storage hydropower plants, small hydropower
plants, concentrated solar power plants, geothermal power plants and biomass power plants.
Competition & Regulation
Renewable energy is now mainstream, able to compete with conventional options on an unsubsidized basis in many locations today.
New innovations such as the digitization of renewable energy will continue to drive down costs. Worldwide competition for power
generation products and services is intense. Demand for power generation is global and, as a result, is sensitive to the economic and
political environments of each country in which we do business. Our Wind business is subject to certain global policies and regulation
including the U.S. Production Tax Credit and incentive structures in China and various European countries. Changes in such policies
may create unknown impacts or opportunities for the business.
40 GE 2015 FORM 10-K