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GE Announces $1 Billion Deal with Invenergy

GE Energy has announced an agreement with Invenergy LLC of more than $1 billion, marking one of the largest commitments for wind turbines to be delivered in a single year in the history of the global wind industry. GE will supply Invenergy with 600 megawatts (MW) of its 1.5-megawatt wind turbines for projects in North America, and 200 MW of its 2.5xl wind turbines for European applications.

All of the wind turbines are slated for shipment during 2009. The 800 MW of GE's wind turbines will provide enough wind power capacity to meet the requirements of 275,000 households.

"As a developer and operator of wind energy projects worldwide, Invenergy relies on GE's on-time delivery of wind turbines," said Michael Polsky, CEO of Invenergy. "The high availability and reliability and grid-integration features offered by GE wind turbines help to position our installed fleet as an industry leader for grid performance."

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