in News Departments > FYI
print the content item



GE Energy Financial Services (EFS), a unit of General Electric, has agreed to invest in a 126.5 MW wind farm under construction by Airtricity Inc. GE EFS will invest alongside Airtricity in the $231 million Champion Wind Farm in Mitchell and Nolan counties, Texas. According to the companies, this is GE EFS' third wind farm investment with Airtricity and Airtricity's first project in North America not governed by a traditional long-term power purchase agreement. Additional financial details were not disclosed.

Airtricity began construction of the Champion project in May, and the project is scheduled for completion by May 2008. The Champion Wind Farm will employ 55 2.3 MW Siemens turbines, with power sold into the Electric Reliability Council of Texas electricity grid in west Texas, backed by a five-year minimum priced contract with Coral Energy Holding LP, a wholly owned subsidiary of Royal Dutch Shell PLC.

Airtricity and GE EFS also are collaborating on the 125 MW Forest Creek Wind Farm, pictured at left, and the 209 MW Roscoe Wind Farm.

Photo courtesy of Business Wire.


Trachte Inc._id1770
Latest Top Stories

Wind And Solar Are Catching Up With Nuclear Power, Says Report

A new report from the Worldwatch Institute says nuclear energy's share of global power production is steadily shrinking. Meanwhile, renewables' share keeps growing.


Could New Desert Plan Spell The End Of California Wind Energy Development?

The California Wind Energy Association says it is disappointed with the draft Desert Renewable Energy Conservation Plan, which was recently released by state and federal agencies.


New U.S. House Bill Includes Wind PTC Extension

U.S. representatives have introduced the Bridge to a Clean Energy Future Act of 2014, which would extend the production tax credit (PTC) and other provisions through 2016.


Utility-Scale Wind And Solar Keep Getting Cheaper

A new study measures the levelized cost of energy from various technologies and suggests that the costs of utility-scale wind and solar power are catching up with those of traditional sources, even without subsidies.


The Song Remains The Same: Ontario Seeks More Science Before Lifting Offshore Ban

The Ontario government says the nearly four-year-old offshore wind moratorium will remain in place until the province fully understands the technology’s impact on the environment.

Canwea_id1984
Renewable NRG_id1934
UnitedEquip_id1995
Future Energy_id2008