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Press Release

E.ON Secures Tax Equity Financing from GE Energy Financial Services for Panther Creek I & II Wind Repowering Project in Texas

September 24, 2019
Press Release

GE Renewable Energy to Deliver Cypress Turbines for 175 MW Onshore Wind Farm in Sweden

September 11, 2019
  • GE Renewable Energy secures another win for its Cypress platform, providing 33 of its 5.3-158 Cypress turbines at Björkvattnet wind farm.
  • The 175 MW wind farm will power the equivalent of 175,000 homes in Sweden.
  • InfraVia Capital Partners, acting through InfraVia European Fund IV, has acquired the project from Vindparken, WindSpace and GE Renewable Energy.

Paris, FRANCE, September 11, 2019 – GE announced today that it will supply 33 of its 5.3 MW Cypress wind turbines, its largest onshore wind turbine in the field, for the 175 MW Bj

For media inquiries, please contact:

Agathe Lefévre de la Houplière
Communications, Hydro Power
GE Vernova
+33 7 71 44 89 35
[email protected]

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Press Release

GE and LongWing Unlock Financing and Technology for First Phase of Zaporizhia Onshore Wind Farm in Ukraine

July 25, 2019
  • GE Capital’s Energy Financial Services connects financing to GE’s fourth wind farm project in Ukraine
  • Sponsor, LongWing Energy, and co-investor, VLC Renewables, secure project financing for the first 98 MWs of its Zaporizhia wind farm project in Ukraine
  • GE Renewable Energy secures onshore wind turbine order for the 98 MW phase one, which is expected to produce over 330,000 MW hours of clean energy per year and power approximately 170,000 household

 

For media inquiries, please contact:

Jaclyn Cochrane
GE Energy Financial Services
+1 203 219 7463
[email protected]
Becky Norton
Communications Leader, Electrification Software
GE Vernova
+1 518 522 8832
[email protected]
Santiago Castanedo
Europe, Communications Manager
GE Renewable Energy
+34 673 250 404
[email protected]

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Press Release

GE facilitates €90MM project financing for phase II construction of Ukrainian wind farm

June 24, 2019
  • German banking consortium to provide debt financing to fund the project
  • German and Spanish export credit agencies team up to support the debt financing
  • GE Renewable Energy to supply 26 3.8-137-110HH turbines for phase II 

KIEV, UKRAINE – JUNE 24, 2019 – GE Capital’s Global Capital Advisory (GCA) business, a unit of GE (NYSE: GE), has reached another project milestone for DTEK Renewables B.V.


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Press Release

GE Secures $1.0B in Project Financing for Sharjah's First Independent Combined Cycle Power Plant

May 19, 2019
  • Japanese export credit agency and private financial institutions - under insurance cover by the Government of Japan - co-finance GE’s flagship power plant in Sharjah, UAE
  • Co-developers GE & Sumitomo form equity consortium with Shikoku Electric Power Company and Sharjah Asset Management for the Project
  • Financing of the Project profiles Sharjah as an attractive destination to invest and do business in

SHARJAH, UAE; May 20, 2019 - Co-developers GE Energy Financial Services (“GE EFS”) and Japan’s Sumito


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Press Release

GE & Sumitomo Sign Agreement with SEWA to Develop, Build & Operate Sharjah's First Independent Combined Cycle Power Plant

January 29, 2019

Facility will be equipped with three of GE’s HA turbines - the world’s largest, most efficient heavy-duty gas turbine - and generate up to 1.8 GW

 


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Press Release

GE Connects Financing and Turbine Technology to its Flagship Onshore Wind Project in Sub-Sahara Africa

December 18, 2018
  • GE's flagship onshore wind project in Sub-Sahara Africa - 60 1.7-103 units
  • GE EFS and Renewable Energy partner to deliver 100MW wind power project in Kenya
  • Kipeto will produce enough electricity to power the equivalent of 40,000 homes

NAIROBI, KENYA, December 18, 2018 - GE Renewable Energy and GE Energy Financial Services ("GE EFS") have partnered to provide technology and advisory support for its flagship onshore wind project in Sub-Sahara Africa.


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Press Release

Funds Managed by Apollo Global Management to Acquire Approximately $1 Billion Portfolio of Equity Investments from GE Capital's Energy Financial Services

October 07, 2018

NEW YORK, New York - October 8, 2018: Funds managed by affiliates (the “Apollo Funds”) of Apollo Global Management, LLC (together with its consolidated subsidiaries, “Apollo”) (NYSE: APO) and GE Capital (NYSE: GE) today announced they have entered into a definitive agreement for the Apollo Funds to acquire an approximately $1 billion portfolio, including assumed obligations, of predominantly equity investments in energy assets (the “Equity Portfolio”) from GE Capital’s Energy Financial Services unit.  The Equity Portfolio comprises approximately 20 investments in renew


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Press Release

GE to provide turbines and facilitate €90 million financing for 100MW Ukrainian wind farm

August 28, 2018
  • German export credit agency guarantees financing
  • GE to supply 26 3.8-130-110HH turbines

 

KIEV, UKRAINE - AUGUST 28, 2018 - GE Energy Financial Services, a unit of GE (NYSE: GE), announced today it facilitated the raising of €90MM in project financing for stage I (100-megawatt) of DTEK Renewables B.V. Primorskaya wind electricity plant (Primorskaya WEP), located on the Sea of Azov shore in Zaporizhia region, South Ukraine.


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Press Release

GE Capital's Energy Financial Services Agrees to Sell Project Finance Debt Business Valued at Approximately $2.6 Billion to Starwood Property Trust

August 08, 2018

Norwalk, Connecticut - August 8, 2018: GE Capital (NYSE:GE) has entered into an agreement to sell its GE Energy Financial Services’ Project Finance Debt Business (“Project Finance Debt Business”), including the transfer of a team of employees, to Starwood Property Trust, Inc. (NYSE: STWD) (“Starwood”). The sale comes as the energy investing unit of GE seeks to reduce the size of its asset base in support of a smaller and more focused GE Capital.


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