Today, GE (NYSE: GE) celebrates its 20,000 th wind turbine installation in conjunction with its 10-year anniversary in the wind industry. Altogether, GE’s 20,000-turbine fleet has the capacity to power the cities of Hong Kong and London for an entire year.
“We couldn’t have achieved this milestone without our development partners,” said Vic Abate, vice president of renewable energy for GE. “Together, we have advanced wind to its current status as a relevant, reliable, competitive source of energy.”
In the U.S. and Europe, 40 percent of new power generation installations over the last four years have been wind. GE achieved its 10,000 th turbine milestone in November 2008, its 15,000th in February 2011 and in 2012 celebrates its 20,000 th installation.
“We congratulate GE on this impressive achievement,” said Jim Shield, Invenergy's executive vice president and chief development officer. “Our longstanding association has resulted in the installation of more than 2,000 GE wind turbines at Invenergy projects across the United States. As America’s largest independent wind power generation company, we look forward to a continued, successful relationship with GE in the years to come.”“Congratulations to GE on reaching this milestone. From our vantage point, it appears to be the culmination of working with customers, driving down prices, continuously advancing technology and then backing it all up with responsive service,” said David Boyce, chief executive officer of Wind Capital Group. “I would expect that winning combination to serve them well into the future.” "EDF Renewable Energy has enjoyed a long and successful partnership with GE for nearly a decade. During this time we have put into service more than 1,500 wind turbine generators representing over 2 gigawatts of capacity,” said Tristan Grimbert, president and chief executive officer of EDF Renewable Energy. “Our partnership is built on a shared goal of delivering exceptional wind projects. We congratulate GE on reaching this milestone."
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV