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GE Unit Invests in New Texas Wind Project with Invenergy
November 5, 2007
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Stanton, Texas & Stamford, Connecticut [RenewableEnergyAccess.com] GE Energy Financial Services has just announced that it will invest in the 120 megawatt (MW) Stanton Wind Farm, a project being developed in an area of west Texas known mostly for oil and gas production.
With this investment, GE Energy Financial Services says it holds equity in 51 wind farms worldwide, with a capacity to produce more than 2,550 MW of electricity and plans to double its more than $2 billion of renewable energy investments by 2010.
The wind farm will use 80 GE 1.5 MW sle wind turbines and is scheduled to be completed by April 2008 With this investment, GE Energy Financial Services says it holds equity in 51 wind farms worldwide, with a capacity to produce more than 2,550 MW of electricity and plans to double its more than $2 billion of renewable energy investments by 2010. The project interconnects with Oncor, the transmission affiliate of TXU, at the Midland East to Big Springs West 138 kV line. All power will be sold into the ERCOT market. According to a press release issued by GE Financial, Texas leads U.S. states in installed wind power, and this investment will help the state meet its requirement to produce 5,880 MW of its power from renewable sources by 2015. The Stanton Wind investment reinforces GE's ecomagination initiative, a program to help its customers meet their environmental challenges while expanding its own portfolio of cleaner energy products.
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