in News Departments > Projects & Contracts
print the content item

Stamford, Conn.-based GE Energy Financial Services has announced an investment of $100 million in three wind farms in New York.

When the projects are completed during the fourth quarter of this year, GE Energy Financial Services will invest equity as the nonmanaging member of the three wind farms, and Noble Environmental Power, a wind energy developer based in Essex, Conn., will invest as the managing member. Noble will construct, operate and manage the facilities.

"Wind farms provide not only clean energy, but more jobs," says Kevin Walsh, managing director and leader of renewable energy at GE Energy Financial Services. “In a world with rising fuel costs, this new form of energy - and the millions of dollars in economic benefits it provides - is truly America's new cash crop."

The portfolio consists of:

- Noble Chateaugay Windpark (106.5 MW) in Franklin County,

- Noble Altona Windpark (97.5 MW) in Clinton County and

- Noble Wethersfield Windpark (126 MW) in Wyoming County.

SOURCE: GE Energy Financial Services


Trachte Inc._id1770
Latest Top Stories

Report Disputes U.S. Agency's Renewable Energy Projections

A new analysis from the Sun Day Campaign says renewables are slated to provide 16% of U.S. generating capacity by 2018 - over 20 years earlier than forecast by the Energy Information Administration.


Kansas Renewables Mandate Survives Yet Another Attack, But Is It Too Early To Celebrate?

Over the past three years, some legislators have tried to either weaken or repeal the state's renewable portfolio standard, which requires Kansas utilities to reach 20% renewables by 2020.


AWEA Highlights U.S. Wind Success Stories Of 2013

Despite a 92% drop in new capacity last year, the sector still has myriad reasons to celebrate, according to a new report from the American Wind Energy Association.


Feds List New Bird Species As Threatened - Should Wind Developers Be Worried?

The U.S. Fish and Wildlife Service is designating the lesser prairie-chicken as threatened under the Endangered Species Act. An expert explains how this might affect the wind industry.


Senate Committee Passes Bill With Two-Year PTC Extension

The Senate Finance Committee has voted on a tax extenders package, which includes both the production tax credit (PTC) and investment tax credit, and sent it to the floor.

WomenofWind_id
UEA_id1896
Acciona_id1907
JLG_id1900
AWEA_id1886
bonfiglioli_id1913