Bioenergy, Project Development, Wind Power

German Wind Farm Third Component of Renewable Energy Plan

In its third investment in wind power generation in Germany, GE’s Energy Financial Services unit acquired from the EAB Technology Group one of Germany’s largest wind farms, the 55 MW Alsleben project, to consist of 37 of GE’s 1.5 MW turbines.

Construction of the Alsleben project will include a power substation and a transmission line upgrade. Scheduled to enter commercial service by April 2006, it will sell electricity to the regional grid operator. Annually the wind farm will produce enough power for about 30,000 homes, saving approximately 100,000 tons a year in greenhouse gas emissions. The Alsleben transaction brings GE’s Energy Financial Services’ total wind capacity in Germany to 154 MW. Its two earlier German wind acquisitions include purchases of four wind farms from Denker & Wulf and one from REpower. The EAB Technology Group, which has constructed more than 180 wind power plants in Germany, equips and plans decentralized energy supply units, mainly based on wind and solar energy. GE’s Energy Financial Services invests in solar, biomass, hydro, wind and geothermal power, and is growing its portfolio of more than a half-billion dollars in renewable energy assets. GE Energy’s knowledge base includes the development and/or installation of more than 7,500 wind turbines with a total capacity exceeding 6,200 MW.