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Renewable energy: GE’s $1 billion investment

GE to invest $1B per year on renewable energy projects http://www.theaustralian.com.au/business/latest/ge-to-invest-1b-per-year-on-renewable-energy-projects/story-e6frg90f-1226900070760 TRISTAN EDIS APRIL 29, 2014 According to a report in Bloomberg, General Electric Energy Financial Services division intends to invest more than $1 billion a year on renewable-power projects.

According to the division’s CEO, David Nason, renewable power is its fastest growing market and also a good way of spurring sales of GE wind turbines and solar inverter equipment.

“We see renewable energy providing very significant returns going forward,” Nason told Bloomberg.

As part of this the company is actively involved in a range of solar projects with solar panel manufacturer and project developer First Solar. According to Kevin Walsh, the company’s head of power and renewable energy, “There is a very active dialog with First Solar”.

May 2, 2014 - Posted by | business and costs, renewable

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