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GE not exactly retrenching to US, but may be updating its portfolio

A couple of recent General Electric announcements suggest that it is emphasizing US deals and finding it tricky to build momentum elsewhere in its GE Renewable Energy division, and may look for a better balance between the US and the rest of the world. GE Renewable Energy is a $15bn business which has installed 400 GW of renewable energy and has 40,000 employees across 80 countries, so it has to think of itself as a multinational, but it enjoys better economics at home. The first announcement relates to a long-standing French deal, which GE has been waiting on at Eolien Maritime France (EMF). It said that it will honor the first slice of the contract, but at the same time…

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