American energy giant General Electric is increasing its footprint in India’s power sector by integrating its renewable and grid offerings. The company that got a hold in the country’s power sector, after it acquired Alstom’s energy business in a global takeover in 2015, announced this March 1, the integration of GE Grid Solutions and its associated products and solutions with its renewable energy vertical.
In an exclusive interview with Business Standard after this integration, Jérôme Pécresse, senior vice-president, GE and chief executive officer, GE Renewable Energy, said, “Within GE, grid business has been put in the same business as renewable. It is now a $15-billion business for GE globally with 40,000 people.
In India, we see most activity is in the renewable energy sector and also on the grid side in transmission and distribution.” After the March 1 announcement, GE will strengthen the turnkey solution offering, which represents over 80 per cent of the Indian wind market. Read More
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