Scottsdale, Ariz. and Palm Springs, CA., January 22, 2009 -- TPI Composites, Inc., a leading supplier of high-technology wind turbine blades to Mitsubishi Power Systems and GE (NYSE: GE), announced today it has received $20 million from GE's investment arm, Landmark Growth Capital Partners, NGP Energy Technology Partners and Angeleno Group to support its growth.
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HAMBURG, Germany & SINGAPORE--15 December 2008-- EPURON Pte. Ltd. Singapore, a regional subsidiary of the Conergy Group in Asia-Pacific, and GE (NYSE: GE) unit GE Energy Financial Services have launched Asia-Pacific's first renewable energy private trust to spur their growth and investments in wind, solar, small hydroelectric, biogas and biomass power generation throughout the region. The Renewable Energy Trust Asia ("RETA") is an investment vehicle focused on the US$7 billion annual renewable energy markets of India, the ASEAN countries and South Korea.
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Vancouver, BC -- November 25, 2008 -- Plutonic Power Corporation (PCC: TSX) joined with GE Energy Financial Services, a unit of GE (NYSE: GE), today in submitting two bids for hydroelectric power projects costing more than $4 billion, which would be Canada's largest single private sector hydroelectric generation investment.
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Vancouver, Canada, November 24, 2008 -- Finavera Renewables Inc. (TSX-V: FVR) announced today its bid to develop four wind energy projects in British Columbia. To facilitate the bid into BC Hydro's 2008 Clean Power Call, Finavera Renewables signed a memorandum of understanding with GE Energy Financial Services, a unit of GE (NYSE: GE), for proposed financing of up to 295 megawatts of clean wind power projects in the Peace region in northeast British Columbia.
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Ann Arbor, Mich. -- Nov. 19, 2008 -- Bolstering its contribution of high-efficiency and cost-saving generators to the $37 billion wind industry, Danotek Motion Technologies has raised $14.5 million from CMEA Ventures, StatoilHydro (NYSE: STO) unit StatoilHydro Venture and GE (NYSE: GE) unit GE Energy Financial Services. Danotek's generators can spur the wind equipment market by increasing wind turbines' efficiency, while radically reducing their maintenance and operating costs.
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GE UNIT'S 2008 OIL & GAS PARTNERSHIP INVESTMENTS A RECORD $360 MILLION
HOBBS, N.M.--04 November 2008-- GE Energy Financial Services, a unit of GE (NYSE: GE), announced today it has formed a partnership with TriTex Energy, LLC to acquire proved oil and gas reserves in southeastern New Mexico for $31 million. GE Energy Financial Services has invested more than $360 million in proved oil and gas reserves in five transactions this year, an annual record for the business.
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NISKAYUNA, N.Y.--22 October 2008-- GE (NYSE: GE) is recharging the electrification of transportation by making its sixth equity investment in lithium-ion battery manufacturer A123Systems. GE invested $30 million in A123's $102 million Series E financing, making it the battery manufacturer's largest single cash investor -- at 9 percent ownership. The investments were made by GE Commercial Finance - Equity and GE Energy Financial Services, bringing GE's combined total investment in A123Systems to $55 million.