GE’s Growing Turbine Backlog

General Electric’s backlog of wind turbines has grown to $12 billion, up from $11 billion in the fourth quarter and twice that of a year ago, writes Micheal Kanellos of CNet.

This was one of the silver-lining notes from Jeff Immelt upon the company’s dismal quarterly earnings release back in April.

One negative for turbine producers is that profit margins in the fast-growing wind turbine business are shrinking as the market attracts new competition. Danish market leader, Vestas, has already confirmed this.