28 Feb '12, 10pm

GE & JP Morgan Invest $225 Million in 662.5-MW Capricorn Ridge Wind Farm

GE & JP Morgan Invest $225 Million in 662.5-MW Capricorn Ridge Wind Farm

GE Energy Financial Services and JP Morgan announced yesterday that they are jointly investing $225 million into the 662.5-megawatt Capricorn Ridge wind farm in West Texas that is mostly owned and operated by NextEra Energy Resources. Here are some more details on the behemoth of a wind farm: in operation since 2007 can generate enough electricity for up to 220,000 homes can cut greenhouse gas emissions by 952,000 metric tons per year (equal to taking ~186,000 cars off the road) includes 342 1.5-megawatt GE Energy wind turbines and 65 2.3-megawatt wind turbines from Siemens located in Sterling and Coke counties, in West Texas, in one of Texas’ Competitive Renewable Energy Zones (CREZ) “This investment demonstrates our ability to provide both the capital and equipment for critical energy infrastructure projects in support of GE’s broader ecomagination strategy,” said Kevin ...

Full article: http://cleantechnica.com/2012/02/28/ge-jp-morgan-invest-2...

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