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General Electric sees turnkey opportunity in India's renewable power sector

Disconnect between wind projects awarded and executed, says GE Senior VP

GE’s stock has lost about half its value in 2018, and agencies have cut its credit rating in recent weeks to BBB-plus, three notches above junk 	Photo: Reuters
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GE’s stock has lost about half its value in 2018, and agencies have cut its credit rating in recent weeks to BBB-plus, three notches above junk Photo: Reuters

Jyoti Mukul New Delhi
American energy giant General Electric (GE) is increasing its footprint in India’s power sector by integrating its renewable and grid offerings. On March 1, GE, which got a foothold in the country after acquiring Alstom’s energy business globally in 2015, announced the integration of GE Grid Solutions and associated products and solutions with its renewable energy vertical.

In an exclusive interview, Jérôme Pécresse, senior vice-president, GE, and chief executive officer, GE Renewable Energy, said, “Within GE, the grid business has been put in the same one as renewable. It is now a $15-billion business globally, with 40,000 people. In India, we