Horizon Signs Agreement with GE Energy

Horizon Wind Energy, LLC has signed wind turbine supply and service agreements with GE Energy for future U.S. projects. GE will supply Horizon with 201 1.5-megawatt (MW) wind turbines, to be shipped during 2010. Under a separate, two-year agreement, GE will provide operations support, parts and maintenance for those units.

The new agreements with Horizon follow the October 2007 announcement of a global frame agreement between GE and Horizon’s parent company, EDP, for the supply of 500 MW of wind turbines for 2008 and 2009 projects in the United States and Europe. In addition to its relationship with GE Energy, Horizon is receiving a $300 million equity investment from GE Energy Financial Services in four of its wind farms. The investment will go to a 600-MW portfolio of wind farms in Oregon, Minnesota, Illinois and Texas.

“The new agreements with Horizon are further evidence that the wind industry continues to embrace our 1.5-MW wind turbine technology and support services. We have provided more than 7,700 of these machines for projects worldwide,” said Victor Abate, VP of renewables for GE Energy.
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