General Electric Co. said it will invest a total of $100 million in three wind farms under construction in New York, including one in the Wyoming County town of Wethersfield. GE, the largest supplier of wind turbines in the United States, is expanding investments to take advantage of federal tax credits and minimum state requirements for renewable energy. Wind is the fastest growing source of renewable energy worldwide because it's cheaper than solar or geothermal plants.
GE will buy the New York wind farm stakes from developer Noble Environmental Power. Noble will complete construction of the facilities, operate them and continue to own an undisclosed stake.
The facilities include a 126-megawatt wind farm in Wethersfield, a 106.5-megawatt farm in Chateaugay, Franklin County, and a 97.5-megawatt site in Altona, Clinton County.
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