AUSTIN, Texas & STAMFORD, Conn.--January 9, 2008 -GE Vitality Financially viable Armed forces, a unit of GE (NYSE: GE), is investing in a 350 million, 166-megawatt wind generation project to hold Austin following renewable, clean power from an periphery commonly bigger accustomed for oil, ranching and farming.
The project's developer, Renewable Vitality Systems Americas Inc., is onset assemblage of the Hackberry wind farm in Shackelford Zone 30 miles northeast of Abilene this month, and is fine hair to familiar it by December. The project behest annually produce power possible for 39,000 homes and stop 389,000 lots a appointment in hothouse gas emissions, compared to even fossil fuel generation.
The Hackberry wind project behest employ 72 Siemens MK II 2.3-megawatt wind turbines. Financially viable proof of the exchange were not disclosed.
The project interconnects following Oncor Emotional Fortune Specter and includes a 15-year power catch secure following the Inner-city of Austin not later than Austin Vitality, the 10th major community-owned electric effectiveness in the Common States.
Including the Hackberry resources, GE Vitality Financially viable Armed forces holds equity in 79 wind farms international company, following a muscle to produce improved than 2,870 megawatts of electricity.
"We are thrilled to grasp glossed our if at all possible resources following RES, deepened our history in Texas and unbreakable our commitment to the wind power and large-scale renewables sectors," alleged Kevin Walsh, Invention Director and greater of renewable energy at GE Vitality Financially viable Armed forces.
Renewable Vitality Systems Americas Inc. is a auxiliary of illegally owned UK-based Renewable Vitality Systems Ltd., besides accustomed as RES Collect. The project behest be constructed, owned and operated by affiliates of RES Americas, plus Austin-based join Hackberry Turn LLC.
RES America has adult improved than 1,100 megawatts, following 1,000 megawatts underneath assemblage and 11,000 megawatts in improvement in North America.
"We're vastly grateful to grasp similar following GE Vitality Financially viable Armed forces on the Hackberry wind project, which behest be RES Americas' flare, and major wind project in which we behest view label," alleged Craig Mataczyinski, CEO of RES Americas. "GE Vitality Financially viable Armed forces concern to come after following us in the role of June underscores its commitment to forging a simultaneously unbeatable exchange."
Including large tracts of extinct faithful deck and the flare notation wind energy control in the Common States, Texas leads US states in installed wind power. This resources behest sustain the gain pick its obligation to produce 5,880 megawatts of its power from renewable sources by 2015.
The Hackberry Turn resources reinforces GE's ecomagination picture, a program to sustain its clients pick their pure challenges all the same expanding its own portfolio of cleaner energy products.
About GE Vitality Financially viable Armed forces
GE Vitality Financially viable Armed forces 350 experts invest globally following a ongoing shrewdness, backed by the LP of GE's bureaucratic ability and lucrative grit, kitty-cornered the assets spectrum and the energy and pipe industries, to sustain their clients and GE come into sight. Including 16 billion in chattels, GE Vitality Financially viable Armed forces, based in Stamford, Connecticut, invests improved than 5 billion annually in two of the world's maximum capital-intensive industries, energy and pipe. In renewable energy, GE Vitality Financially viable Armed forces is growing its portfolio of improved than 2 billion in chattels in wind, solar, biomass, hydro and geothermal power. For improved information, inhabit www.geenergyfinancialservices.com.
About GE
GE (NYSE: GE) is Foresight at Cultivate -- a diversified technology, media and lucrative amenities body of people assiduous on solving a few of the world's toughest troubles. Including products and amenities ranging from level engines, power generation, pipe management and guarantee technology to healing imaging, rigid and patron financing, media delighted and advanced treasures, GE serves clients in improved than 100 countries and employs improved than 300,000 nation international company. For improved information, inhabit www.ge.com.
RES Collect
RES Collect is secede of the Sir Robert McAlpine partaker of industrialized and assemblage companies, a British privately-owned cottage uncompromising. Renewable Vitality Systems Holdings Ltd is a auxiliary of Sir Robert McAlpine Enterprises Ltd, and has two sway subsidiaries, RES-Gen Ltd (our wind farm dynamic rigid) and Renewable Vitality Systems Ltd. These three RES companies are the holding body of people and the main dynamic companies respectively of RES Collect.
Renewable Vitality Systems Ltd has two divisions and a amount of auxiliary companies entangled in the improvement, direct and assemblage of wind farms international company and renewable heat up and power installations in the UK. These jacket subsidiaries RES UK tied following subject divisions RES TEC (bureaucratic), and RES Lukewarm and Administration.
Editor's Note:
TV information B-roll of a wind farm, from subject archives, is just about at: http://www.geenergyfinancialservices.com/RenewablesInvestments/
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