Business Financing
As part of our drive to expand our wind footprint throughout India, our energy financing unit, GE Energy Financial Services, provides developers with attractive financing options to expand infrastructure and capacity.
GE EFS oversees an energy portfolio worth a combined $20 billion, of which $8 billion supports wind, solar, biomass, hydro, geothermal, and other renewable power projects.
Our global financing capacity has been tested and proven in supporting renewable energy project across the world. In the US, GE helped finance one of the country's largest wind projects, the 845 megawatt (MW) Shepherds Flat Wind farm, currently under development in eastern Oregon.
In India, GE EFS recently committed to invest & support wind business of Greenko. A first project, the 65-MW Ratnagiri wind farm in the state of Maharashtra, is slated for completion in December and will use GE's locally made 1.6-82.5 turbines.
We provide developers a diverse portfolio of financing options including:
- leveraged leasing
- partnerships
- project finance
- term loans
- revolvers
Our financing unit also provides customers best-in-class underwriting, marketing, accounting, environmental and tax expertise. All of GE EFS's power assets combined have a capacity of 30 gigawatts. Our clients can tap GE EFS' knowledge of technology innovation, as well as its rigorous risk management capacity for their own project.
