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.


Trachte Inc._id1770
Latest Top Stories

Senate Passes Tax Extenders Bill With Wind PTC Extension

The legislation, which passed in the U.S. House earlier this month, will renew the critical production tax credit through the end of 2014 - giving developers only about two weeks left to start construction.


Transmission Study Shows Nebraska Could Handle A Lot More Wind Power

A new report released by the Nebraska Power Review Board finds that the state already has enough infrastructure to accommodate at least 2 GW of additional wind generation.


Can Wind Energy And Birds Coexist? Environmental Group Says Yes

The Environmental Defense Fund, a supporter of responsible wind energy development, points out ways to help mitigate impacts of turbines on birds and bats.


Another Study Finds Wind Turbines Do Not Affect Nearby Property Values

Research conducted by the University of Guelph focused on regions in Ontario, and the conclusion echoes that of previous studies.


Too Little, Too Late? U.S. House Approves Wind PTC Extension

The U.S. House of Representatives has passed a tax extenders package that would renew the wind production tax credit (PTC) and about 50 other expired tax breaks through 2014. The wind industry argues the short-term fix is virtually no fix at all.

Hybrid Energy Innovations 2015