Jeffrey Immelt just can’t stop buying. Today, he announced GE would pay $3.2bn for 90 per cent of Converteam, the French business that used to be Alstom Power Generation. Read more
In this week’s readers’ Q&A session, Magued Eldaief, the head of GE’s UK energy business, answers your questions.
In the first of two posts, he discusses the future for nuclear power in northern Europe, wind power in the developing world and whether it is better to back small- or large-scale power generation projects. Read more
Many thanks for all your questions for Jack Gerard, the head of the API. His answers will appear on this site on Friday, January 14th.
Next week, the person in the hotseat will be Magued Eldaief, the managing director of GE’s energy business in the UK. Read more
General Electric is paying $1.3bn for British pipeline-builder Wellstream, in a move to increase its exposure to Brazil’s oil industry. GE’s oil and gas arm already works alongside Brazil’s state-controlled giant Petrobras, the company that provides much of Wellstream’s revenues; now it can access Wellstream’s know-how and contracts, for a price moderately below what Wellstream was demanding. Read more
The British government has finally announced what we have known for a while: that it will keep in place the £60m of investment pledged by the last government to improve infrastructure for offshore wind. Read more