GE invests in Oklahoma wind farm expansion
GE Energy Financial Services announced the partnership with Horizon Wind Energy LLC, owned by EDP Renewables. The financing targets expansions to the Blue Canyon V wind farm in Comanche and Caddo counties in southwest Oklahoma.
Horizon plans to expand its 225-megawatt Blue Canyon V wind farm by 99 MW. The renewables company said the project could satisfy the yearly energy demands of approximately 30,000 homes and avoid more than 200,000 tons of greenhouse gas emissions.
GE and Horizon partnered in 2008 on a 600 MW wind farm portfolio that spans four U.S. states.
GE, whose 1.5 MW wind turbines are among the most widely used in the United States, said it plans to invest $6 billion through 2010 in wind, solar, biomass, hydroelectric and geothermal power generation projects.
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Mercury in $3 billion takeover bid for Tilt Renewables
SYDNEY - Mercury Energy and an Australian partner appear to have won the race to buy Tilt Renewables, an Australasian wind farm developer which was spun out of TrustPower, bidding almost $3 billion.
Yesterday Tilt Renewables announced that it had entered a scheme implementation agreement under which it was proposed that PowAR would acquire its Australian business and Mercury would acquire the New Zealand business.
Conducted through a scheme of arrangement, Tilt shareholders will be offered $7.80 a share, valuing Tilt at $2.96b.
Yesterday morning shares in Tilt opened about 18 per cent up at $7.65.
In early December Infratil, which owns around two…
