General Electric to stop selling wind turbines in Brazil

GE Renewable Energy – the US multinational’s division focused on equipment for renewable energy generation – will stop producing wind turbines in Brazil, sources familiar with the matter told Brazil Journal.

The news should be a blow to the renewable energy sector, given that GE Wind was one of Brazil’s largest suppliers of wind turbines.

The multinational has more than 3,000 of these turbines already in operation, about 30% of the total market, serving virtually all major generators.

Other major suppliers are WEG, the Danish company Vestas and the German Nordex Acciona.

General Electric (GE) confirmed the end of the operation but said it would continue working on the projects already contracted and giving maintenance to the turbines in operation.

The company said the move seeks to readjust the operation “to the current market reality, preparing the business for the future.”

A source close to the company was more direct: he said GE had been losing “a lot of money with the Brazilian operation in recent years.”

The move should have positive repercussions for WEG, which has just lost one of its biggest competitors in Brazil.

For Aeris, which manufactures wind blades sold to WEG, GE, Nordex, and Vestas, GE’s departure could be negative.

A large GE customer told Brazil Journal that the industry and Brasilia should try to reverse GE’s decision.

With information from Brazil Journal

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