Coal, Wind

GE and Invenergy invest in wind power projects

GE Energy Financial Services and Invenergy Wind LLC are investing in Illinois and Texas wind farms that are expected to produce nearly 250 MW of power.

The firms are investing in the McAdoo wind farm near Lubbock, Texas, and the Grand Ridge wind farm, southwest of Chicago. The McAdoo wind energy project will use 100 GE 1.5 MW wind turbines. The Grand Ridge wind project will use 66 GE 1.5 MW wind turbines. Both projects are expected to come online in the third quarter of 2008. Financial details were not disclosed.

The Georgia-based GE unit recently said it was going to provide Invenergy with more than $1 billion of wind turbines for new projects. The GE unit will supply Invenergy 750 MW of wind turbines for North American projects to be built in 2010. In October 2007, GE Energy agreed in a separate deal, also worth more than $1 billion, to provide wind turbines to Invenergy for US and European projects to be built in 2009.

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Invenergy, GE Energy enter $1 billion wind turbine agreement

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