8106-TI-RT GE gas turbine control I/O module

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8106-TI-RT GE gas turbine control I/O module

8106-TI-RT GE gas turbine control I/O module

General Electric predicts that more and more companies will exit the wind and optoelectronics sectors due to increasingly fierce competition and declining government subsidies. However, the industry giants still believe that long-term demand will continue to grow.
John Krenicki, Global President and CEO of GE Energy Group, said, “The wind and solar sectors will be littered with corpses, and the solar sector has become a living example
Driven by the expiration of government incentive policies at the end of the year, there may be an increase in orders in the United States in 2012. However, given the bleak economic situation, the support of the US and European governments for the renewable energy sector is not optimistic.
John Krenicki said, “European and American governments will not completely abandon their support for these areas, but they are expected to make changes
Nevertheless, GE still expects the long-term demand for wind power equipment to continue to grow, especially as technological advancements are driving the sector to increasingly reduce its dependence on government finances. Even offshore wind power projects are becoming increasingly competitive. It is unclear whether subsidies are needed in the UK wind power market
GE Energy manufactures thin film solar panels and photovoltaic systems, and is one of the largest players in the global wind power equipment manufacturing field. Last year, solar panel manufacturer Solyndra went bankrupt due to inability to cope with declining product prices. Turbine prices have continued to decline since 2008, but GE has indicated that they may stabilize this year.