Daily Energy Standup Episode #240 – Offshore Wind Challenges, Geopolitical Conflicts, and Market Trends

Daily Standup Top Stories GE Offshore Wind to Post $1 Billion Loss in 2023, Again in 2024 October 29, 2023 Allen Santos General Electric Co. expects its offshore-wind operations to post annual losses of about $1 billion for this year and next as the industry struggles with rising costs. “Offshore Wind remains difficult this year with losses […]

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GE’s 2023 profit forecast weighed down by renewable energy business

General Electric on Tuesday reported better-than-expected quarterly earnings on robust demand for its jet engines and power equipment, but offered a disappointing profit forecast for this year as it struggles with persistent problems at its renewable energy business. The company’s shares were down about 1% at $78.98 in premarket trade. GE expects full-year adjusted earnings in […]

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