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

Iberdrola to build combined cycle gas turbine power plant in Massachusetts

Iberdrola Engineering and Construction has been awarded a contract, by Footprint Power, to build a  674-MW combined-cycle gas turbine (CCGT) electric generating plant in Salem, Massachusetts.

GE Supplies New Turbines, Unveils New Retrofit Technologies that Increase Plant Capacity and Efficiency

General Electric is deploying gas turbines at power plants in the U.S. and Saudi Arabia, and is also introducing new equipment that can be used to retrofit existing plants, driving up capacity and efficiency at those existing facilities.

Follow Power Engineering on Twitter

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.

Power Engineering Current Issue

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

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.

Archived Articles

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

Power Industry Wire News

Bayport International Holdings, Inc. (BAYP) Announces Completion of the Brown Lease in McIntosh County, Oklahoma

Bayport International Holdings, Inc. (BAYP) Announces Completion of the Brown Lease in ...

National Hockey League Names Constellation Its Official Energy Provider, Will Offset Carbon Footprint Across All 30 Team Markets

National Hockey League Names Constellation Its Official Energy Provider, Will Offset Ca...

BioCNG, LLC Announces Groundbreaking on BioCNG Vehicle Fuel System and Pipeline for Grand Junction, Colorado's Persigo WWTP

BioCNG, LLC Announces Groundbreaking on BioCNG Vehicle Fuel System and Pipeline for Gra...

Synergy Resources Corporation Provides an Operations Update, Estimating 100% Year-Over-Year Production Growth, and a Revised Fiscal 2015 Capital Forecast

Synergy Resources Corporation Provides an Operations Update, Estimating 100% Year-Over-...

XZERES Sees Accelerating Sales Growth, Driven by Further Adoption in Key Markets

XZERES Sees Accelerating Sales Growth, Driven by Further Adoption in Key Markets

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 >>