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

Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.


Could Initial Offshore Wind Projects Crash New England's REC Market?

Some are concerned that the first offshore wind projects could negatively impact pricing of renewable energy credits (RECs) in New England.


Catching Up With The DOE's Down-Select Offshore Winners

The three recipients of key U.S. Department of Energy (DOE) funding provide updates on their offshore wind demonstration projects.


Texas Comptroller Attacks Wind Power, And Industry Fights Back

Texas Comptroller Susan Combs recently released a report calling for an end to wind power subsidies. The Wind Coalition has responded, saying the report is riddled with misinformation.


How To Mitigate Blade Issues And Costly Downtime

Routinely inspecting your turbine's blades can help identify problems early on, ultimately cutting down unscheduled maintenance costs.

Canwea_id1984
Renewable NRG_id1934