GE Invests In Wind Power

GE Energy Financial Services, a division of General Electric Co., and Bankers Commercial Corporation have jointly purchased the 150 MW Alta Wind I wind farm in Tehachapi, in Kern County, California.

The wind farm has 100 GE 1.5-megawatt SLE wind turbines. The Alta Wind I farm is the initial phase of the Alta Wind Energy Center, a 3,000 MW project. It has the potential to supply electricity to 1.3 million California homes.

GE has one of the best infrastructure franchises worldwide with solid organic growth rates, exposure to favorable secular trends and a large installed base supporting a growing annuity-like services business.

Infrastructure businesses from GE are helping build the energy, health, transportation and technology infrastructure of the new century. These businesses provide the products and services that help developing regions participate in the global economy, while also helping developed regions upgrade with cleaner, more efficient and better infrastructure technologies.

The financial business at GE offers an array of products and services aimed at enabling commercial businesses, consumers and markets worldwide to build a stronger, financially secure future.

The company has adopted strategic imperatives to strengthen its portfolio by building strong growth platforms and generating cash from low-return businesses. Its focus remains on accelerating organic growth and achieving technical and service excellence, while building enduring customer relationships around the world.

GE has products and services ranging from aircraft engines, power generation, water processing, and security technology to medical imaging, business and consumer financing, media content and industrial products.

Since its incorporation in 1892, the company has developed or acquired new technologies and services that have broadened considerably the scope of its activities. Philips and Siemens AG are major competitors.