in News Departments > Products & Technologies
print the content item

GE Energy has signed a global frame agreement with Energias de Portugal SA (EDP) to supply wind turbines totaling more than 500 MW of new capacity for wind projects to be developed during 2008 and 2009 in Europe and the U.S. Total value of the agreement will be $730 million, bringing GE Energy's recent wind turbine order announcements to more than $1 billion, according to the company.

Under the agreement, GE will provide EDP's U.S. branch, Horizon Wind Energy LLC, with 201 1.5 MW wind turbines for projects in the U.S., at sites yet to be determined, and will supply Neo Energia, EDP's European renewable branch, with 80 2.5xl wind turbines for new wind projects in Europe.

All of the U.S. projects will be owned by EDP-owned Horizon Wind Energy or affiliates. Sixty-seven of the GE wind turbines for the U.S. projects and 30 turbines for the European projects are expected to be commissioned before the end of 2008.

"This frame agreement with GE nearly completes EDP's wind turbine needs until 2009, which is particularly important for the success of our upcoming projects, given the high demand for wind turbines in today's market," says EDP's CEO, Antonio Mexia.

IOWA Economic Development id2073

Trachte_id2056
Latest Top Stories

Slow Turning: What's Stopping Individual Blade Pitch Control From Wider Acceptance?

Advances have made it feasible for wind turbine blades to adjust individually. However, other factors are preventing the technology's widespread use.


Deepwater Hits Financial Close For Block Island Wind Farm, Expects Summer Construction

The Providence, R.I.-based offshore wind developer becomes the first to financially close on a U.S.-based offshore wind project.


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.

Hybrid Energy Innovations 2015