Cohocton Wind Watch: GE reaches $4 billion mark for wind energy investments
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Wednesday, July 09, 2008

GE reaches $4 billion mark for wind energy investments

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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