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GE Guts Offshore Wind-Power Plans
Forbes ^ | 9/10/2011 @ 2:44AM | William Pentland
General Electric, the U.S.-based industrial giant and leading manufacturer of wind-power turbines, is scaling back efforts to expand its presence in the offshore wind power market.
The rationale: there is no meaningful offshore wind market to speak of – at least not yet.
Given slower-than-expected industry growth, the offshore market may not mature as rapidly as many wind boosters once believed.
The 4.1-113 four MW direct-drive offshore turbine developed by GE in Norway performs very well in shallow waters, but leaves a lot to be desired in deeper waters. As a result, GE has shifted its focus in the deep-water space to developing a 10-15 MW turbine using superconducting magnets, which has received addition funding support from the U.S. Department of Energy (DOE).
Despite GEÂ’s strategic shift, plans to deploy the first 4.1 MW prototype in Gothenberg harbor later this year are still on track.
(Excerpt) Read more at forbes.com ...
GE Guts Offshore Wind-Power Plans - Forbes
Forbes ^ | 9/10/2011 @ 2:44AM | William Pentland
General Electric, the U.S.-based industrial giant and leading manufacturer of wind-power turbines, is scaling back efforts to expand its presence in the offshore wind power market.
The rationale: there is no meaningful offshore wind market to speak of – at least not yet.
Given slower-than-expected industry growth, the offshore market may not mature as rapidly as many wind boosters once believed.
The 4.1-113 four MW direct-drive offshore turbine developed by GE in Norway performs very well in shallow waters, but leaves a lot to be desired in deeper waters. As a result, GE has shifted its focus in the deep-water space to developing a 10-15 MW turbine using superconducting magnets, which has received addition funding support from the U.S. Department of Energy (DOE).
Despite GEÂ’s strategic shift, plans to deploy the first 4.1 MW prototype in Gothenberg harbor later this year are still on track.
(Excerpt) Read more at forbes.com ...
GE Guts Offshore Wind-Power Plans - Forbes