This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

GE To Supply 41 Multi-Megawatt Wind Turbines For Four Projects In Germany

GE (NYSE: GE) announced today a contract with the leading German project developer Energiekontor AG for four wind power generating projects comprised of 41 2.75-103 wind turbines. Using a proprietary 50.2-meter blade with a proven aerodynamic shape, GE’s 2.75-103 wind turbine provides a larger blade swept area giving wind developers greater energy capture and improved project economics.

The new units will boost GE’s contribution to clean and efficient energy production by generating some 250 million kWh of electricity a year—enough to supply more than 70,000 German households.

GE expects to commission seven turbines in 2013 in North Rhine-Wesphalia and 34 turbines in 2013 in the Cuxhaven area. All 41 wind turbines will be manufactured in Salzbergen in Lower Saxony. The turbines will feature a 98.3-meter-high tower and a rotor diameter of 103 meters to capture more energy.

“GE is meeting the project’s strict noise control regulation requirements by using optimized trailing-edge serrations on its 2.75-103 range wind turbines. The technical design of these high-performance wind generators with their low noise emission levels is one of the main reasons we have chosen GE as our project partner,” said Peter Szabo, Energiekontor’s managing director.

Energiekontor also signed a wind service agreement with GE including an extended spare parts and servicing contract for maintenance, routine inspections and remote monitoring, along with manual resets to be undertaken by on-site service technicians and technical measures for troubleshooting and fault rectification.

“As these new projects illustrate, GE continues to invest in the future of the wind industry in Germany and across Europe,” said Stephan Ritter, general manager of GE Renewable Energy Europe. “We are able to use GE’s vast resources across several business and technology sectors, including nearly 13,000 engineers throughout GE Energy and the GE Research Center in Munich. In today’s environment, having such global scale provides us with a significant competitive advantage and further enhances our capabilities to meet the diverse requirements of our customers in Europe and worldwide.”

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,833.18 -302.54 -1.67%
S&P 500 2,070.95 -30.09 -1.43%
NASDAQ 4,926.5250 -56.2840 -1.13%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs