in News Departments > New & Noteworthy
print the content item

Citing fundamental differences in commercial priorities and business strategy, GE says it has come to a mutual agreement to dissolve its joint venture with China-based Harbin Electric.

In September 2011, GE announced the joint venture would work to manufacture and supply wind turbines to customers in China. Under the agreement, Harbin took 51% ownership of a new manufacturing facility in Zhenjiang, with GE holding the other 49%. Harbin also bought a 49% interest in GE's existing Shenyang Wind factory.

GE says the two companies have amicably agreed to pursue their respective strategies as separate, individual entities; Harbin will keep the Zhenjiang plant, and the Shenyang facility will continue as a 100% GE-owned plant. However, GE notes it is fully committed to the wind industry in China and its relationship with Harbin will continue through a long-standing gas turbine partnership.


Trachte Inc._id1770
Latest Top Stories

Are Fitch Ratings' Claims About Wind Farm Underperformance Unfounded?

A recent report from Fitch Ratings suggests that wind farms underperform due to an overestimation of wind resources, but AWS Truepower says the analysis misses the mark.


SunEdison Buying First Wind In $2.4 Billion Deal

Global solar company SunEdison and its yeildco have announced an agreement to buy the Boston-based developer, a major player in the U.S. wind industry.


U.S., China Reach Ambitious Climate Change Accord

The agreement between the global superpowers leans heavily on the deployment of renewable energy, such as wind and solar.


What The Midterm Elections Mean For The U.S. Wind Industry

Both chambers of Congress are now under Republican control for the first time since 2006. How will wind energy fare?


GE Blade Crashes At Mehoopany Wind Farm In Pennsylvania

The turbine manufacturer says the Nov. 2 incident is "isolated and unrelated" when compared to earlier blade issues.

Hybrid Energy Innovations 2015
Renewable NRG_id1934
BG 2015DblBox_id2032