General Electric Energy announces Second Wind Turbine Agreement Exceeding $1 Billion With Invenergy

The agreement will see GE supply 750 MW of wind turbines. These turbines will be built in 2010. This follows on an agreement which we previously also announced on this site for $1 billion USD back in January of this year. That agreement was for wind turbines to be built in 2009. It is planned for these turbines to be installed in North America.

"As these agreements demonstrate, the demand for wind energy continues to grow at a record pace," said Victor Abate, Vice President-Renewables for GE Energy. "It is clear that abundant, reliable, carbon-free wind power will continue to play a key role in the energy future of this country."

"This agreement represents our long-term confidence in the growth of this key renewable energy technology, and ensures that we will be well positioned to meet the growing demands of our customers for wind power in the years ahead," said Michael Polsky, CEO of Invenergy.

This order will help Invenergy to have in excess of 3,500 megawatts of wind power projects in North America and Europe by 2010. This order is amongst the biggest in the history of the wind power industry.

Invenergy's Polsky added, "A national renewable portfolio standard is a critical component to ensure meaningful growth of renewable energy in the U.S."

For additional information:

http://www.gepower.com/about/press/en/2008_press/030608.htm

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