GE Supplies Wind Turbines for Spanish Project

With the U.S. federal wind power tax credit back in play for 2005, GE Energy is likely to make some major U.S. turbine sales that the market wouldn’t sustain last year. It hasn’t stopped the company, however, from landing major contracts abroad at the beginning of this year.

GE Energy announced it will supply 33 of its 1.5 MW wind turbines for Las Lomillas wind project in Tebar, Spain. Located in the Castilla-La Mancha region of central Spain, approximately 80 kilometers southwest of Cuenca, the project is owned and being developed by Tebar Eolica, which is a joint partnership equally owned by GENESA (Hidrocantabrico) and Tebar Agr?cola. Turnkey services are being provided by Sinae Energ?a y Medioambiente S.A., a company majority-owned by Hidrocant?brico. Under the terms of its agreement with Sinae Energia y Medioambiente S.A., GE Energy will install and commission the project’s wind turbines. Under an agreement with Tebar Eolica, GE Energy also will provide operation and maintenance services for five years. Once completed in April 2005, the plant is expected to produce approximately 120 gigawatt hours of electricity annually. Las Lomillas wind farm supports Spain’s goal to install 13,000 MW of wind energy capacity throughout the nation by 2010. The output will be sold by Tebar Eolica in the liberalized market. Spain is the world’s second largest producer of wind power, with a total of 6,420 MW of installed wind capacity at the end of 2003. Germany leads the global wind industry with 14,612 installed MW, and the United States follows Spain with 6,361 MW, according to the European Wind Energy Association’s Wind Force 12 report issued in May of 2004. Hidrocantabrico was established in 1919 as an electricity output, transportation, conversion and distribution company. Nowadays, Hidrocantabrico is a diversified company being present in other areas of the energy producing scene such as gas and the field of renewable energies, as well as in other strategic businesses such as telecommunications.

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