Residential SunPower Systems Available to HP Employees At Preferred Rates
SAN DIEGO, Calif. -- Oct. 13, 2008 -- SunPower Corporation (Nasdaq: SPWRA, SPWRB), a Silicon Valley-based manufacturer of high-efficiency solar cells, solar panels, and solar systems, and GE (NYSE: GE) announced today the completion of a 1.1-megawatt solar-electric power system on the roof of HP's printing technology research and development facility in San Diego. The companies are jointly dedicating the system today at the HP site.
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MADRID, Spain, September 30, 2008 -- Within just two months of announcing a €225 million investment from GE Energy Financial Services and Grupo Corporativo Landon, Fotowatio, one of Spain's largest and most successful solar companies, announced today it acquired four solar photovoltaic power plants producing 32 megawatts of clean energy in Murcia, Spain.
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STAMFORD, Conn. and WILMINGTON, Mass. -- September 16, 2008 -- GE Energy Financial Services, a unit of GE (NYSE: GE), announced today a venture capital investment of $4 million in Advanced Electron Beams, whose technology helps traditional manufacturers become more environmentally sustainable while improving profitability. The technology uses a stream of electrons to initiate chemical reactions or break chemical bonds more efficiently than existing thermal and chemical approaches.
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FORBES, North Dakota, August 11, 2008 -- GE Energy Financial Services, a unit of GE (NYSE:GE), announced today it is partnering with ACCIONA, a world leader in wind farm development, and is investing $141 million in the Tatanka Wind Farm on the North Dakota-South Dakota border. The transaction represents the GE unit's first wind equity investment in the Dakotas and the first wind farm in the United States built entirely by ACCIONA (IBEX-35 ANA.MC).
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MADRID, Spain & STAMFORD, Conn.--31 July 2008-- GE Energy Financial Services, a unit of GE (NYSE: GE), and Grupo Corporativo Landon announced today they will invest about US $350 million (€225 million) in Fotowatio, one of Spain's largest and most successful solar power project developers. Fotowatio owns, operates and is developing almost 960 megawatts of solar projects in the fast-growing solar power markets of Spain, Italy and the United States. Existing investors in Fotowatio comprise investment fund Qualitas Venture Capital and Fotowatio's management.
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STAMFORD, Conn.--09 July 2008-- With a goal of investing $6 billion in renewable energy by 2010, GE Energy Financial Services surpassed the $4 billion mark today by investing in New York State's three newest wind farms. The unit of GE (NYSE: GE) will invest a total of $100 million in the three wind farms, whose construction began last month.
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HOUSTON & STAMFORD, Conn.--Dec. 18, 2007--In its first equity investment in offshore drilling, GE Energy Financial Services, a unit of GE (NYSE: GE), announced today that it will invest $54 million and co-finance the acquisition of a ship drilling for oil in deep water off the coast of Brazil.
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Hugoton Gathering System Will Double Regency's Footprint in Kansas
DALLAS & HOUSTON--(BUSINESS WIRE)--Regency Energy Partners LP (NASDAQ:RGNC) has agreed to acquire FrontSteet Hugoton, LLC from an affiliate of GE Energy Financial Services, a unit of GE (NYSE:GE), and FrontStreet EnergyOne, LLC, for approximately $139 million, expanding Regency's asset base in the Midcontinent region. This acquisition will be immediately accretive to cash available for distribution.
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ISTANBUL, Turkey & STAMFORD, Conn.--Dec. 10, 2007--GE Energy Financial Services, a unit of GE (NYSE: GE), announced today that it would join GAMA Holding AS to invest in energy and water projects in Turkey and the surrounding region, helping to meet rising demand for electricity and water, and grow in emerging markets.
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