General Electric, the world's biggest maker of power generation equipment, said that it would invest a total of $100 million in three wind farms under construction in northern and western New York.
The Fairfield, Connecticut-based GE will buy the New York wind park stakes from the developer Noble Environmental Power, a majority-owned unit of JPMorgan Chase. Noble will continue to own an undisclosed share, complete construction and operate the facilities.
They include a 126-megawatt wind farm in Wethersfield, a 106.5-megawatt farm in Chateaugay and a 97.5-megawatt site in Altona. Combined, the turbines can generate power for about 110,000 homes, the company said.
GE's power-plant unit is supplying each of the wind parks with 1.5 megawatt turbines.
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