in News Departments > Projects & Contracts
print the content item

GE Energy Financial Services, a unit of GE, has invested in three Noble Environmental Power windparks - all located in New York state - that will generate 282 MW. The GE unit's first investment in wind energy in New York will increase the state's wind energy capacity to 671 MW, according to GE.

The wind power projects, located in the towns of Clinton and Ellenburg in Clinton County, and Bliss in Wyoming County, N.Y., represent a $564 million investment in clean, renewable energy that will bring an estimated $352 million in new revenue to the regional economies over the next 20 years.

Noble Environmental Power, an Essex, Conn.-based wind power developer, will construct, operate and manage the facilities, which are expected to begin commercial operation during the fourth quarter of this year.

"This transaction represents a significant geographic expansion of our wind energy footprint and helps us to reach our goal of investing $4 billion globally in renewable energy by 2010," says Kevin Walsh, managing director and leader of renewable energy at GE Energy Financial Services.


Advertisement

Trachte_id2056
Latest Top Stories

More Investors Entering Tax Equity Market; Returns Holding Steady

The entry of new tax equity investors to the wind space last year re-ignited an old debate.


Report: Top 10 Turbine OEMs Had Record Year In 2014

Preliminary findings suggest Vestas reigned supreme again among the world's leading wind turbine makers. How did some of the other OEMs fare?


AWEA's Gramlich To FERC: Additional Transmission Needed Regardless Of Clean Power Plan

To further build a more balanced and reliable electricity portfolio, the U.S. needs to build more transmission capacity.


Getting A Grip On Grinding Gearboxes: Why Such Events Need Not Be Showstoppers

Despite advances in gearbox reliability - namely, from condition monitoring systems and greater design standardization - challenges remain.


How Wind Energy Can Meet EPA Clean Power Plan Requirements

According to the American Wind Energy Association, wind power is a cost-effective solution for complying with the environmental effort.

Hybrid Energy Innovations 2015