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More good news and bad news. Maybe if they renamed wind turbines to something like "nuclear particle deceleration units" they'd not have such a problem with the one key subsidy they get. A subsidy that new nuclear also gets but, unlike wind and solar, has no subsidy expiration issues currently.
GE, Vestas Capture Record Wind-Turbine Orders as Subsidy Stalls - Bloomberg - 12 Mar 08
"General Electric Co. and Vestas Wind Systems A/S, the world's two biggest wind-turbine makers, are reaping benefits from record orders by U.S. utilities racing to add generating capacity even as they face the loss of subsidies.
GE, Vestas and Siemens AG stand to gain although the extension of the production tax credit, due to expire in December, is stalled in Congress. Four years ago, the last time the credit wasn't renewed, orders came to a near standstill. Now, rising natural gas prices and state greenhouse-emission laws are fueling a surge in demand for wind power, which accounts for 30 percent of new generating capacity and may boost GE's wind-turbine sales 25 percent to $6 billion this year."
"GE [will] reach operating income margins of 17 percent on wind turbines based on this year's sales, as much as 5 percentage points greater than those of Danish competitor Vestas. Wind is the fastest-growing unit at GE Energy, the world's biggest power-plant equipment maker.
'Customers are giving billions of dollars of orders already because they're afraid they're going to lose their spot in line,' John Krenicki, who runs the GE Energy division, said March 5. GE posted more than $4.5 billion in wind-turbine sales last year, the most since it bought the business in 2002 for less than $300 million from Enron Corp. GE's total revenue last year was $172.7 billion.
GE, Vestas Capture Record Wind-Turbine Orders as Subsidy Stalls - Bloomberg - 12 Mar 08
"General Electric Co. and Vestas Wind Systems A/S, the world's two biggest wind-turbine makers, are reaping benefits from record orders by U.S. utilities racing to add generating capacity even as they face the loss of subsidies.
GE, Vestas and Siemens AG stand to gain although the extension of the production tax credit, due to expire in December, is stalled in Congress. Four years ago, the last time the credit wasn't renewed, orders came to a near standstill. Now, rising natural gas prices and state greenhouse-emission laws are fueling a surge in demand for wind power, which accounts for 30 percent of new generating capacity and may boost GE's wind-turbine sales 25 percent to $6 billion this year."
"GE [will] reach operating income margins of 17 percent on wind turbines based on this year's sales, as much as 5 percentage points greater than those of Danish competitor Vestas. Wind is the fastest-growing unit at GE Energy, the world's biggest power-plant equipment maker.
'Customers are giving billions of dollars of orders already because they're afraid they're going to lose their spot in line,' John Krenicki, who runs the GE Energy division, said March 5. GE posted more than $4.5 billion in wind-turbine sales last year, the most since it bought the business in 2002 for less than $300 million from Enron Corp. GE's total revenue last year was $172.7 billion.
