GE Inks $1 Bil Wind Energy Deal

John Davis

ge-invenergy.gifGE Energy has agreed to deliver $1 billion worth of wind turbines to Chicago-based Invenergy LLC for projects in North America and Europe.

In this article posted on the Business Review website, says GE cites it as the biggest commitment ever for wind turbines in one year:

Under the deal, GE Energy, based in Atlanta, will deliver 400 of its 1.5 megawatt wind turbines to Chicago-based Invenergy for projects in North America, and 200 megawatts, or 80 turbines, for projects in Europe.

The turbines are scheduled to be shipped in 2009. The 800 megawatts of wind energy will provide power to 275,000 households.

Some of the work will be done at GE Energy’s Schenectady plant. Victor Abate, GE Energy’s vice president of renewables, called the deal “a milestone agreement.”

The article goes on to say that GE has increased it’s wind turbine production by 500 percent since 2004.