STAMFORD, Anschl., January. 14, 2008 (BUSINESS WIRE) — program ecomagination GES, strengthening GE energy-financial services, announced today the fact that it has its investing goal of the replaceable energy 2010 by 50 percent up to $6 billion raised and has straight $3 billion exceeded. GE energy-financial services, unit from GE (NYSE: GE), crossed mark $3 billion with its deal single Kw_highestwert wind, investment $300 million in wind projects a spanning of of four states. GE energy-financial services investing cheapness in the briefcase 600-megawatt wind of the farms in Oregon, in Minnesota, in Illinois and in Texas, die by Houston created horizon Wind energy LLC, a large US wind farm developer to be possessed, who a subsidiary of EDP - Energias De Portugal SA is. A goal of the GE energy-financial services of Kw_investing $6 billion in the replaceable energy up to the 2010 is one major acceleration of a before announced goal of $4 billion. “owing to our strong customer of conditions, our expertise, technical abilities GES, high petrified fuel prices and popular support for cleaner energy, replaceable energy become our fast-increasing thing President business,” said Alex Urquhart, and CEO of the GE energy-financial services. “with our broad abilities to cheapness invest and to the debt within and outside United States — not only in wind however in solar, lebendmasse -, hydraulic and geo thermal energy — we is market become major a player in annual replaceable energy $60 billion.” GE energy-financial services closed more than $2 billion of negotiations of the replaceable energy last year and up to 2010 expect that they 20-25 percent from its entire energy contains and water briefcase, up in the 2006th Wind energy most active replaceable energy of the GE energy-financial services is percent of approximately 10 investing area. With horizon announced die negotiation today, has it or fixed to invest cheapness in 85 wind farms and die overall capacity of its global wind shareholdings to more than 3,600 megawatts increased invested. In briefcase the acquisition a Wachovia Corp. (NYSE: Stock) Subsidiary provides also cheapness in wind the farms, die EDP building is and die plans for running to leave and Construction of three of the four wind farms handle is expected end this of the monthly to be accomplished if the quarter up to midyear is accomplished, 2008. Additional financial details not released Die briefcase consists of: — Elkhorn lowers (101 megawatts), in Union the county, Oregon. Established with Vestas V82 turbines, Idaho is energy the offtaker project. — high grass country II (101 megawatts), in the mower county, Minnesota, 15 miles southeast of Austin, in Clayton, in Bennington, in the great meadow and marshal counties. High grass country uses Vestas V82 turbines and in an energy purchase agreement with large river energy participated. — lonely Star II (200 megawatts), in the Shackelford county, Texas. J. Aron and Company is more offtaker that contract final. Kw_wind the farm uses Gamesa G87 turbines. — double woodlands II (198 megawatts), in the eastern McLean county, Illinois. Kw_wind the farm uses Vestas V82 turbines, and contract of its exit to the group of constellation suppl. IE customs properties locked sake Die four wind farms annually produce electricity, which is sufficient, more than 180,200 average US houses and Willeavoid to propel nearly 1,4 million tons one year in the greenhouse gas missions, compared with equivalent petrified fuel production. “This project testified for the increasing resemblance US wind market under European utility programs, and assistance, die us our wind getting thing in vary, United States,” said Kevin Walsh, acting managing director and leader of the replaceable energy to the GE energy-financial services. Horizon briefcase investment strengthens ecomagination, program GES, to meet in order to help its customers, its climatic challenges with the extension of the briefcase own companys the cleaner energy products. Over 350 experts of the GE view, supports energy-financial services GE energy-financial services invest global with a long-term by the best of the technical know-how and the financial strength GES, over which capital spectrum and to energy and waterindustrien to grow in order its customers and GE to help. With $16 billion in the values, die GE invests energy-financial services, based in Stamford, Connecticut, more than $5 billion annually in two the capital most intensive industries, the energy and more water worlds. In the replaceable energy grows GE energy-financial services its briefcase of more than $3 billion in the values wind, in solar, lebendmasse -, hydro-und geo thermal energy. More information: www.geenergyfinancialservices.com. Over GE GE (NYSE: GE) is fantasy to Work — a varied technology, a means and financial services company directed toward the release some the most durable problems worlds. If to the products and services of the airplane engines, of generation of current, from more water hand, die process and up to medical exposure, business and, means and serve advanced materials satisfy consumer financing safety engineerings, GE customer in more than 100 countries and use more people than 300,000 world-wide. For Note more information visit www.ge.com publisher: Sub-title for accompanying of map: GE energy-financial services has its investing a goal replaceable energy 2010 by 50 percent to $6 billion raised and has straight $3 billion, by being in four US wind farms investing, die on this map. TV news b-roll one wind farm, by which general archives are shown, available to http://www.geenergyfinancialservices.com/RenewablesInvestments/ TV news exceeded, die b-roll one solar power station on is present: http://www.geenergyfinancialservices.com/SerpaSolarPlant/ SOURCE: GE energy-financial services GE energy-financial services Andy Katell, copyright +1-203-961-5773 Business Wire 2008
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