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GE Energy Gets Municipal Wind Deals

ATLANTA — General Electric Co.'s GE Energy unit said Monday it will supply wind turbines for use in municipal projects in Los Angeles and Hawaii.

The company said the Los Angeles Department of Water and Power is buying 80 GE 1.5-megawatt turbines to generate up to 120 megawatts of wind power. The project was originally announced in 2003 but was delayed because of problems with permits and viable technology, GE Energy said.

One megawatt, or 1,000 kilowatts, can power 1,000 average homes in California, according to the state's energy commission.

Separately, GE Energy said Hawaii ordered 14 of the same turbines for its Pakini Nui Wind Project on the state's largest island of Hawaii. The project aims to develop 21 megawatts of wind generated capacity to the state's electricity grid.

Financial terms of the deals were not disclosed.

GE shares fell 21 cents to $34.45 in afternoon trading on the New York Stock Exchange.

The company said the Los Angeles Department of Water and Power is buying 80 GE 1.5-megawatt turbines to generate up to 120 megawatts of wind power. The project was originally announced in 2003 but was delayed because of problems with permits and viable technology, GE Energy said.
 
One megawatt, or 1,000 kilowatts, can power 1,000 average homes in California, according to the state's energy commission.
 
Separately, GE Energy said Hawaii ordered 14 of the same turbines for its Pakini Nui Wind Project on the state's largest island of Hawaii. The project aims to develop 21 megawatts of wind generated capacity to the state's electricity grid.
 
Financial terms of the deals were not disclosed.
 
GE shares fell 21 cents to $34.45 in afternoon trading on the New York Stock Exchange.


Source: http://www.chron.com/disp/s...

JUN 5 2006
https://www.windaction.org/posts/2940-ge-energy-gets-municipal-wind-deals
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