GE launches clean energy finance enterprise

1 February 2005 - Companies that struggle to finance clean energy projects could now have a solution after GE Commercial Finance launched a new enterprise to provide financial solutions for the green sector. It is a joint initiative between GE Commercial Finance's Technology Lending and Energy Financial Services businesses.

Bill DeMars, managing director, Technology Lending, said: "This market is poised for long term growth and offers significant opportunity to companies that lead in technological innovation and responsiveness to business and consumer interest in clean energy."

The joint initiative will provide financing products and services to companies that either deliver the green energy directly or develop new technologies for cleaner and more efficient energy generation and distribution. Among GE's target markets are fuel cells, photovoltaic/solar, wind and wave power, biomass gasification and pollution control technologies.

Technology Lending, a unit of Global Media and Communications, provides debt financing to technology-related businesses, including emerging growth companies. Energy Financial Services provides financial products including structured equity, leveraged leasing, partnerships and project finance to companies throughout the energy industry.

Sponsored by FLSmidth

Related Articles

Plant Vogtle nuclear Unit 2 back in operations after scheduled outage

Southern Nuclear, a unit of Southern Co. (NYSE: SO), brought Unit 2 at Plant Vogtle back online after a scheduled refueling and maintenance outage.

GE to supply gas turbines for 750 MW combined-cycle power project in Iraq

GE (NYSE: GE) has signed a contract with ENKA to supply four 9E gas turbines and one steam turbine for the Bazyan power plant, a new 750-MW combined-cycle power plant being developed by Qaiwan Group in the Kurdistan region in Iraq.

Follow Power Engineering on Twitter

Products Showcase

Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Latest News

Shutterstock coal production trucks

Weekly Coal Production

The Weekly Coal Production shows how much coal is being produced across the U.S.

Federal Reserve Bank of Dallas Weekly Economic Indicators financial business

The Federal Reserve Bank of Dallas' Economic Indicators

The Federal Reserve Bank of Dallas offers a glimpse into how the markets are doing domestical...

Kvaerner awarded contract for gas-fired power plant in Delaware

Kvaerner North American Construction Inc. and its joint venture partner, Parsons Brinckerhoff...

Canadian Solar purchases two solar projects

Canadian Solar Inc. has acquired a majority interest in two utility-scale solar power project...

Operators Restart Unit 2 at PPL Susquehanna

Unit 2 at the PPL Susquehanna nuclear power plant near Berwick, Pa. resumed generating electr...

Settlement agreement limits cost recovery at Edwardsport

The Indiana Utility Regulatory Commission (IURC) on Dec. 27 modified and approved a settlemen...

Toshiba in talks to sell portion of Westinghouse nuclear unit

Toshiba Corp is in talks  to sell up to 16% of its stake in the Westinghouse Electric Co...

Utah nixes nuclear waste storage facility

Plans to park radioactive waste at a storage facility in Utah have been officially called off.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013

Power Engineering Current Issue

03/01/2014
Volume 118, Issue 3
1403PE-cover

Power Industry Wire News

Synergy Resources Announces $125 Million Purchase Agreement for Wattenberg Field Assets and $230 Million in Committed Financing, Company to Host Conference Call Tomorrow, October 31st

Synergy Resources Announces $125 Million Purchase Agreement for Wattenberg Field Assets...

AXT, Inc. Announces $5 Million Stock Repurchase Program

AXT, Inc. Announces $5 Million Stock Repurchase Program

SAExploration Announces Third Quarter 2014 Earnings Release and Conference Call Schedule

SAExploration Announces Third Quarter 2014 Earnings Release and Conference Call Schedule

Midcoast Energy Partners, L.P. Declares Distribution Increase and Reports Earnings for Third Quarter 2014

Midcoast Energy Partners, L.P. Declares Distribution Increase and Reports Earnings for ...

Northern Power Systems Brings Advanced Hybrid Energy Technology to Asia

Northern Power Systems Brings Advanced Hybrid Energy Technology to Asia

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>


Power Engineering Newscasts

EPA chief: carbon caps will boost economy
Australia, Russia enter nuclear power agreement with Argentina
Largest battery energy storage in North America now operational
EPA chief: carbon caps will boost economy Largest battery energy storage in North America now operational Australia, Russia enter nuclear power agreement with Argentina Texas’ Panda Temple combined cycle plant up and running
Siemens agrees to acquire Dresser-Rand
Safety concrete poured at UAE nuclear reactor power project
Foster Wheeler to upgrade natural gas-fired power plant’s emission controls
GE, TransCanada partner on natural gas turbine design
Energy storage global market to grow to $15.6B by 2024; DOE awards $2M to support taller wind turbine towers; Hinkley Point C nuclear project have financial incentives approved; N.J. company building waste-to-energy project in Ireland