GE and Invenergy Sign $1 Billion Deal

GE Energy has secured its second contract for more than US $1 billion in recent months with Invenergy Wind LLC to provide wind turbines for new projects. Under the agreement GE will supply Invenergy with 750 megawatts of wind turbines for North American projects to be constructed in 2010. The projects will provide enough power to meet the needs of more than 200,000 households.

In January, GE announced a similar agreement of more than $1 billion to provide wind turbines to Invenergy for U.S. and European projects to be built in 2009. These agreements are among the largest commitments for wind turbines to be delivered in a single year in the history of the global wind industry.

“As these agreements demonstrate, the demand for wind energy continues to grow at a record pace,” said Victor Abate, VP of renewables for GE Energy. “It is clear that abundant, reliable, carbon-free wind power will continue to play a key role in the energy future of this country.”

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