BW Online | March 3, 2003 | A Strong Tailwind for Wind Power

BW Online | March 3, 2003 | A Strong Tailwind for Wind Power In May, 2001, General Electric Co. (GE ) scooped the assets of Enron Corp.'s wind-power division out of bankruptcy for $285 million. Skeptics wondered why GE was bothering with such small fry. Its own $23 billion Power System Div. was a global leader in heavy power equipment. The wind business as a whole, worth just $6 billion in revenues worldwide, was too small to really matter on the global-energy scene. And even if it did, Enron Wind ranked fourth in an industry dominated by European companies.