GE Energy to Supply 800 Megawatts of Wind Turbine Capacity to Invenergy

January 22, 2008 – Vol. 12 No. 44

GE Energy to Supply 800 Megawatts of Wind Turbine Capacity to Invenergy.

The more than $1 billion order marks one of the largest commitments for wind turbines to be delivered in a single year in the history of the global wind industry.

GE will supply Invenergy with 600 megawatts of 1.5-megawatt wind turbines for projects in North America, and 200 megawatts of 2.5-megawatt wind turbines for European applications. This is the first time a US-based developer has selected GE’s 2.5-megawatt technology for projects in Europe.

All of the wind turbines are slated for shipment during 2009. The 800 megawatts of wind turbines will provide enough wind power capacity to meet the requirements of 275,000 households.

Since 2004, GE has achieved a 500 percent increase in wind turbine production, with its wind business revenues exceeding $4 billion in 2007. According to the American Wind Energy Association, over the past two years, GE has supplied wind turbines representing nearly half of the new wind capacity across the US.

Other large orders in 2007 for GE wind turbines include:

--- 633 turbines, 950 megawatts capacity to Noble Environmental Power for 2007 and 2008 projects in New York State;

--- 200 turbines to SkyPower Corp for projects across Canada and the United States;

--- 167 turbines to Third Planet Windpower for new wind farms under development in Texas, New Mexico, Nebraska and Wyoming;

--- turbines totaling more than 500 megawatts to EDP of Portugal for projects to be developed during 2008 and 2009 in Europe and the United States.

GE’s 1.5-megawatt wind turbine is among the most widely used machines in the global wind industry, with more than 7,700 installed around the world. The GE 2.5xl wind turbine is the next evolution of the company’s wind turbine fleet, and builds on the success of the 1.5-megawatt technology. The 2.5xl is the largest GE wind turbine available for onshore applications, and is specifically designed to meet the immediate requirements of the European Union, where lack of available land constrains the size of projects.

Invenergy, of Chicago, Ill, has approximately 2,700 megawatts of natural gas fueled power plants and more than 1,200 megawatts of wind power projects in construction or operation in North America and Europe. Invenergy’s development of wind energy facilities is carried out through its wholly owned affiliate, Invenergy Wind LLC.(1/22/08)

Links:

GE Energy
http://www.ge.com/energy

Invenergy
http://www.invenergyllc.com

Disclaimer, Forward-Looking or Safe Harbor Statement on original press release: No