Horizon Wind Orders 201 Turbines from GE Energy

January 29, 2008 – Vol. 12 No. 45

Horizon Wind Orders 201 Turbines from GE Energy.

In separate agreements GE will supply 1.5 MW wind turbines and two-year operations support, parts and maintenance for those units. All turbines will be for future unspecified Horizon Wind projects in the US with turbines delivered beginning in 2010.

Horizon also announced today the establishment of a regional headquarters in Albany, New York to oversee its future projects in New York State and the Northeastern United States.

The new agreements with Horizon Energy follow the October 2007 announcement of a global frame agreement between GE and with Horizon’s parent company, EDP, for the supply of 500 megawatts of wind turbines for 2008 and 2009 projects in the United States and Europe.

In addition to its relationship with GE Energy, Horizon Wind Energy is receiving a $300 million equity investment from GE Energy Financial Services in wind farms in Oregon, Minnesota, Illinois and Texas with a combined capacity of 600-megawatts.

GE Energy, based in Atlanta, Georgia, is one of the world's leading suppliers of power generation and energy delivery technologies, with 2007 revenue of $22 billion. The company has wind turbine design, manufacturing and assembly facilities in Germany, Spain, China, Canada and the United States.

Horizon Wind Energy, of Houston, Texas, is a fully owned subsidiary of Energias de Portugal S.A. (EDP), a major Portuguese utility and one of the world’s largest generators of renewable electricity. Horizon has developed more than 2,000 MW and owns over 1,300 MW of operating wind farms. Horizon is currently developing a portfolio of more than 10,500 MW in over a dozen states. (1/29/08)

Links:

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

Horizon Wind Energy
http://www.horizonwind.com

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