28 Jul '14, 3pm

GE ramps up wind energy investment with Indian development deal

Engineering giant GE has announced it is to invest an undisclosed sum in three wind farm projects in India, as part of its commitment to invest at least $1bn (£589m) annually in renewable energy capacity worldwide. The company's investment division, GE Energy Financial Services, announced today that it has invested equity in three projects from Atria Power, which are currently under construction. Combined, the projects are expected to deliver 126MW of capacity and are expected to benefit from the Indian government's feed-in tariff incentives, which are seeking to mobilise investment in new clean energy projects. FURTHER READING NextEnergy snaps up Suffolk solar farm for £18m European wind industry slashes growth forecasts The first of the three projects is located in the Ananthapur district of Andhra Pradesh and is expected to bring 25.6MW of capacity online in September. ...

Full article: http://www.businessgreen.com/bg/news/2357548/ge-ramps-up-...

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