GE Lands Another $1 Billion Wind Contract
BOSTON - General Electric Co said
Thursday that it had obtained a $1 billion contract to supply
electricity-generating wind turbines to Invenergy Wind LLC, its second
billion-dollar contract with that company this year.
GE, the second-largest US
company by market capitalization, said it would supply Chicago-based
Invenergy with 750 megawatts of wind turbines for North American
projects to be built in 2010. The turbines would generate enough energy
to meet the needs of about 200,000 households.
The prior $1 billion order had been for European wind farms to be built in 2009.
GE, which competes with Denmark's Vestas Wind Systems
A/S and Germany's Siemens AG in the wind business, has forecast $6
billion in 2008 wind revenue, up from about $4 billion last year.
(Reporting by Scott Malone, editing by Gerald E. McCormick and Lisa Von Ahn)
Story Date: 7/3/2008
Back to Top
Back to Headlines
See yesterday's headlines
All Contents
© Reuters News Service 2008
Check out Planet Ark on the web at
www.planetark.com