GE has released its Q3 earnings and its Renewable Energy business has called out some of its performance numbers in an infographic.
“According to financial analysts, by 2020, renewables will have become the cheapest form of power generation,” said GE Renewable Energy CEO, Jerome Pecresse. “It is estimated that the price for renewable energy will drop by ~4% each year from 2019 to 2021. Those kinds of continuing efficiencies will enable green power to become the primary, mainstream power source for people everywhere over the next 20 to 40 years.”
Filed Under: Financing, News