GE gets $730M contract for wind turbines |
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Published
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Tue, 23 Oct 2007 14:08
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ATLANTA (AP) - General Electric Co. will supply $730 million worth of wind turbines to Energias de Portugal SA, the companies said Tuesday.The contract provides for 500 megawatts of new wind capacity to be developed in 2008 and 2009 in Europe and the U.S. A one-megawatt power plant running continuously at full capacity can power 778 households each year, according to the Department of Energy. Wind technology has lower capacity since its availability to generate power depends on the wind.EDP will install 66 turbines in Spain, 14 in Belgium and 201 in the U.S. The European order represents GE's largest supply of 2.5xl wind turbines to date. The 2.5xl is GE's largest onshore wind turbine model.EDP is an electric and gas company serving Portugal, Spain and Brazil. It expanded into the North American wind industry with its purchase of Houston-based Horizon Wind Energy LLC earlier this month.GE shares rose 22 cents to $40.39 in pre-market trading after closing at $40.17 on Monday.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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GE gets $350M wind turbine contract 