BOULOGNE, France & STAMFORD, Conn.--(BUSINESS WIRE)--GE Energy Financial Services, a unit of General Electric (NYSE:GE), announced today that it is entering the European water market and expanding into industrial water treatment by buying a majority of the assets of Idex AQUASERVICES in France. GE Energy Financial Services is acquiring a 95 percent stake, including debt obligations, from Idex AQUASERVICES -- a developer, owner and operator of facilities that purify water for the food, beverage and cosmetics industries.
STAMFORD, Conn. & LINDEN, N.J.--(BUSINESS WIRE)--Four power marketing and trading companies have won an auction of the electric capacity from what GE Energy Financial Services believes is the first truly merchant US transmission project. The project will provide New York City with much-needed additional power.
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LOUISVILLE, Ky. & STAMFORD, Conn.--(BUSINESS WIRE)--GE Energy Financial Services, a unit of General Electric (NYSE:GE), announced today that it has made its first investment in a plant that will generate power and produce substitute natural gas using coal gasification technology. It is acquiring a 20 percent equity interest in The ERORA Group LLC, which is developing Kentucky's 630 net megawatt Cash Creek Integrated Gasification Combined Cycle facility, one of the most advanced and largest gasification projects under development in the United States.
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EAST HANOVER, N.J. & STAMFORD, Conn.--(BUSINESS WIRE)--Comverge, Inc. announced today that it has obtained a $40 million senior credit facility from GE Energy Financial Services to expand its clean energy programs, which reduce energy costs by increasing available electric capacity during periods of peak electricity demand.
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ARLINGTON, Va. & STAMFORD, Conn.--(BUSINESS WIRE)--In a breakthrough toward US leadership in carbon reduction, the AES Corporation (NYSE:AES) and GE Energy Financial Services, a unit of General Electric (NYSE:GE), announced today that they intend to create a partnership to develop greenhouse gas emission reduction projects in the United States.
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VERNAL, Utah & STAMFORD, Conn.--(BUSINESS WIRE)--GE Energy Financial Services announced today that it served as lead arranger and sole book runner for a $155 million senior secured credit facility for Dalbo Holdings, Inc., a provider of water-based fluid transportation, water storage tank rental and fluid disposal services to oil and gas exploration sites in northeastern Utah and northwestern Colorado.
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CHANDLER, Minn.--(BUSINESS WIRE)--enXco, Inc. announced today that it has closed on the project financing for Minnesota's largest wind farm, the $385 million Fenton Wind Energy Project under construction in Murray and Nobles Counties, Minnesota, with its financial partners Union Bank of California and GE Energy Financial Services.
The project pushes the total US wind energy development portfolio for enXco, one of the leading developers, operators and managers of these projects in this country, past the $1 billion mark.
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STAMFORD, Conn.--(BUSINESS WIRE)--GE Energy Financial Services and Sunland Resources, LLC announced today the acquisition of natural gas and oil reserves in northern Louisiana for $101 million. The properties were acquired from a consortium led by Caruthers Producing Co., Inc. and include 26 producing wells, two proved, developed non-producing wells, and 11 low risk, proved, undeveloped drilling locations in the Caspiana and Black Creek fields.
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STAMFORD, CT. & LINDEN, N.J.--(BUSINESS WIRE)--The proposed project announced earlier today will consist of the design, construction, and operation of three Variable Frequency Transformers. Power will be transmitted through an existing cable running in bedrock 60 feet beneath the Arthur Kill waterway.
The corrected release reads:
GE TO AUCTION ELECTRIC TRANSMISSION CAPACITY FOR NEW YORK CITY FROM PROPOSED NJ TRANSMISSION PROJECT