General Electric (GE) Company is an American multinational conglomerate corporation incorporated in Schenectady, New York and headquartered in Fairfield, Connecticut, United States. The company has four operative segments namely Energy, Technology Infrastructure, Capital Finance and Consumer & Industrial.
GE Wind Energy is a branch of GE Energy, a subsidiary of General Electric. The company manufactures and sells wind turbines to the international market. As per the reports, GE was the second largest wind turbine manufacturer in the world in 2009.
As per the reports, Brazil might become the fastest growing wind energy market in the world. GE has announced that over the next decade, it will bring in $1 billion turbine sales in Brazil. There were many other energy companies who want to expand their business in wind energy in Brazil, but GE is expected to dominate in the future as well. General Electric expects to see 3 GW of wind energy capacity being installed annually in Brazil.
Report tells that from 2010 to 2011, approximately 50% of all new wind energy installations in South and Central America were located in Brazil and this trend is expected to continue well into the future due to the country’s strong wind streams.
Growth in Brazilian wind energy sector
According t the report, the Brazilian wind energy sector is growing rapidly due to which, the Brazilian government expects the country’s total capacity to reach 15.6 gigawatts by 2021. This target might be achieved if Chinese turbine developers find their way to enter the Brazilian market. It is difficult for Chinese companies to find the support they need when there are services and products that are already being offered by a company the size of GE.
Reports say that General Electric is expecting some small companies to be populated in the wind energy sector in Brazil in the coming years. Though some companies will operate within the Brazilian sector, wind energy installations are expected to increase exponentially until 2021.