SAN ANGELO, Tex., Feb. 27, 2012 -- Expanding its renewable energy portfolio in Texas, GE unit (NYSE: GE) GE Energy Financial Services has joined JP Morgan to jointly invest $225 million in a partnership that owns the 662.5-megawatt Capricorn Ridge wind farm in West Texas. A subsidiary of NextEra Energy Resources, LLC remains the majority owner and operator of the project.
Badajoz, Spain, October 28, 2011 -- GE (NYSE: GE) unit GE Energy Financial Services announced today it and German fund KGAL are jointly investing €111.1 million in a 50-megawatt parabolic trough concentrated solar power plant using molten salt energy storage in Torre de Miguel Sesmero, Badajoz, Spain.
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Pascagoula, Miss., October 27, 2011 -- GE Energy Financial Services, a unit of GE (NYSE: GE), announced today that its co-owned Gulf LNG regasification and liquefied natural gas storage facility on the Gulf of Mexico has successfully begun operations. GE made the announcement at a ribbon-cutting ceremony at the facility in Pascagoula, Mississippi, joined by Gov. Haley Barbour and executives of El Paso Corporation.
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HOUSTON, TX Oct. 24, 2011 -- GE Energy Financial Services, a unit of GE (NYSE: GE), is deploying its capital in critical US infrastructure and expanding into petroleum product terminals by investing $85 million to become a majority owner of Lightfoot Capital Partners, LP ("Lightfoot Capital").
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DALLAS, TX and CAGLIARI, Italy, October 18, 2011 -- A greenhouse nearing completion in Italy will tap the sun's energy to grow crops while generating electricity from its roof-mounted photovoltaic modules in a project co-owned by clean energy developer Moser Baer Clean Energy Limited (MBCEL) and GE (NYSE: GE) unit GE Energy Financial Services. The companies announced today at Solar Power International, a major industry trade show and conference in Dallas, Texas, that GE Energy Financial Services has invested US$58 million in the 20-megawatt project near Cagliari in Sardinia, Italy.
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STAMFORD, Conn., Oct. 14, 2011 -- GE Energy Financial Services, a unit of GE (NYSE: GE), announced today that it is acquiring a diverse pool of nearly $1 billion in senior secured energy project finance assets located in more than a dozen countries. GE Energy Financial Services is acquiring the portfolio from the Bank of Ireland, which is selling non-core loans as part of its deleveraging plan.
The loans are secured by long-lived energy infrastructure assets with an average loan size of approximately $35 million.
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DENVER, CO, Oct. 13, 2011 -- Expanding their Rocky Mountain oil and gas reserves footprint, PRE Resources, Inc. is teaming up with GE Energy Financial Services, a unit of GE (NYSE: GE), to buy more than 100 producing wells and undeveloped acreage across 29 fields in Wyoming and Colorado.
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HOUSTON AND DALLAS, TX Oct. 12, 2011 -- GE Energy Financial Services, a unit of GE (NYSE: GE), is expanding its oil and gas industry footprint by investing in Summit Midstream Partners, LLC, which acquires and develops midstream energy infrastructure in unconventional North American production basins.
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(HAYWARD, Calif.) -- October 12, 2011 -- Executives of Calpine Corporation (NYSE:CPN) and GE (NYSE: GE) unit GE Energy Financial Services today joined state and local officials, construction trade representatives, contractors, community leaders and business partners in celebrating the continuing construction of the 619-megawatt, combined-cycle Russell City Energy Center in Hayward, California. The event honored hundreds of on-site construction workers.