Challenges and Impacts on America's Wind Power Industry and GE

The wind power industry in the US, including offshore wind, faces challenges and impacts General Electric (GE), which is undergoing a breakup and streamlining its renewable energy businesses. GE's contract with Orsted was canceled, affecting its offshore wind business. GE's progress in generating profits in its renewable energy units and plans for GE Vernova are also mentioned. The Inflation Reduction Act (IRA) influences GE's onshore wind turbine sales and its investments in the US wind supply chain.