GE expects 40% fall in wind revenues

摘要

US manufacturer GE expects revenues from turbine sales to fall 40% in 2013, largely due to the 2012 end-date of the production tax credit (PTC). Speaking as the firm presented its third-quarter results, Keith Sherin, GE's vice chairman and chief financial officer, said he expects the 40% decline in sales to cost the company three cents for every share. He added that a fall in new orders was already noticeable. However, there has been a spike in sales and shipping as US developers seek to complete projects before the PTC expires at the end of the year.