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

Sen. Grassley Makes Another Legislative Push For Wind PTC Extension

U.S. Sen. Chuck Grassley, a long-time wind power advocate, recently made an effort to bring attention to the importance of a production tax credit extension.


Alberta Breaks Wind Power Record, Then Does It Again

Last week, the Alberta Electric System Operator recorded new wind production peaks in the Canadian province - highlighting how well the grid integrated the renewable energy.


Federal Appeals Court Finds Obama's Wind Farm Decision Unconstitutional

A federal appeals court ruled that the U.S. government violated the constitutional rights of Chinese-owned Ralls Corp. when ordering the divestment of four Oregon wind farms.


Renewables Make Up Over 50% Of New U.S. Power In First Half Of 2014

According to a recent government report, renewable energy sources, such as wind and solar, continue to dominate new electric generating capacity.


Suzlon Facility Lends Key Assist In Developing 'The Wind Technicians Of Tomorrow'

The turbine manufacturer’s Elgin, Ill.-based training facility is the culmination of a program that puts a new twist on a proven method of instruction.

Renewable NRG_id1934
Canwea_id1984
Navigant_id1983