General Electric Company (NYSE: GE)
GE (?General Electric?) and Renova Energia, have previously signed a contract worth $394 million for 230 GE 1.68-82.5 wind turbines. All 230 turbines have a 10-year operating contract, which will be managed from GE?s services center.
The purchase is part of Renova?s expansion plans that began in November 2011 with the construction of the Alto Sertão II Wind Farm, comprising 15 parks with a total installed capacity of 386 megawatts, enough to supply power for a city of 1 million people. The contract is to supply energy sold by Renova in the Reserve Energy Auctions (LER) in 2010 and 2011. The Alto Sertão II Wind Farm is in the cities of Caetité, Guanambim and Igaporã, in the southeast of Bahia state, in Brazil.
This year, GE (?General Electric?) celebrates a decade in wind energy and has 20,000 wind turbines installed around the world. To date, 300 GE wind turbines have been installed in Brazil. In the next two years another more than 600 units will be installed in the country. This contract reinforces GE?s position of leadership in this sector. The company?s wind turbines comply with the requirements regarding Brazilian-made parts as set out by the National Economic and Social Development Bank (BNDES) in order to get credit from the FINAME line.
General Electric Company (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company?s website at www.ge.com.
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