25 Apr '14, 7pm

GE unit surpasses $10 billion in #renewables investments - #wind #solar

it has exceeded $10 billion in renewable energy investment commitments worldwide. The investments include $8 billion in more than 12 GW of wind farms and $1.7 billion in 1 GW of solar power installations, with the balance in other renewables. According to the U.S.-based company, the projects span 16 countries and 28 U.S. states, helping 18 states meet their renewable portfolio standards, and create an estimated 10,000 direct U.S. jobs. Its capital has gone to wind farms in Ireland, Nebraska, Illinois and Texas, and the wind projects under construction or completed use more than 4,400 GE turbines. Going forward, GE Energy Financial Services says it plans to continue investing more than $1 billion annually in renewable energy projects. “Our rapid growth in renewable energy investments benefits not only GE’s customers and shareholders but society at large,” comments David Nas...

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