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Press Release

GE facilitates UK Government guaranteed financing milestone for Atlas Air

July 18, 2018
  • Landmark for UKEF as it takes lead on financing solution with EXIM
  • One of the largest ECA-backed financing deals for the aviation maintenance, repair & overhaul industry

London, UK - July 18, 2018 - GE (NYSE: GE) facilitated an alternative financing package for Atlas Air, Inc. (“Atlas Air”), a subsidiary of Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW), a leading global provider of outsourced aircraft and aviation operating services.


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Press Release

Competitive Power Ventures and GE Achieve Commercial Operation at 805-MW CPV Towantic Energy Center in Connecticut

June 14, 2018

New CT Private Energy Project Now Supplying Efficient, Reliable and Environmentally Responsible Power on ISO-NE Grid

 


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Press Release

GE Energy Financial Services Secures Project Financing For The Expansion Of Los Guindos Power Plant In Chile

April 05, 2018
  • GE Power to install a second 9E.03 gas turbine at Los Guindos power plant.
  • The 9E heavy duty gas turbines provide increased power and performance.

SANTIAGO, CHILE - APRIL 05, 2018 - GE (NYSE: GE) unit, GE Energy Financial Services secured $150 million project financing to refinance and expand the Los Guindos* open-cycle thermoelectric power plant in central Chile.


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GE installs 1st offshore wind turbine at Merkur Windfarm

March 08, 2018

Paris, March 8th, 2018 - GE Renewable Energy announces today the installation of the first GE HaliadeTM 150-6MW offshore wind turbine at the 396MW Merkur Offshore Windfarm in Germany, located approximately 35km north of the island of Borkum, in the North Sea. Installation vessel SeaFox 5 sailed from Merkur's logistic hub in Eemshaven (Netherlands) carrying blades, towers, nacelles and other components needed to start the installation of the first set of wind turbines at sea.


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Quinbrook Closes $268 Million Tax Equity and Construction Financing to Build 200 MW Wind Project in Oklahoma

January 16, 2018
  • Acquires 75% controlling stake in the two stage 365 MW Persimmon wind project in joint venture with Elawan Wind
  • GE provides wind turbines and tax equity
  • GE, CIT, MUFG and Rabobank provide construction financing

New York, NY - January 16, 2018 - Quinbrook Infrastructure Partners ("Quinbrook"), a global investment manager specializing in lower carbon and renewable energy infrastructure assets and GE (NYSE: GE) today announced that the Quinbrook Low Carbon Power Fund has closed construction and tax equity financing of the 200 Megawatt


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Press Release

Leeward Renewable Energy and GE Complete Repowering and Financing For Sweetwater 1 & 2 Wind Farms

January 11, 2018
  • New Technology and Equipment Enhance Performance, Increase Capacity

Dallas, TX -- January 11, 2018 -- Leeward Renewable Energy, LLC ("Leeward") and GE (NYSE: GE) today announced the successful completion of the repowering of the combined capacity 136 MW Sweetwater 1 & 2 wind farms in Nolan County, Texas. GE Renewable Energy is the wind turbine provider for the project and GE Energy Financial Services provided tax equity financing.


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GE and Green Investment Group to Deliver 650 MW of Onshore Wind to Sweden

November 07, 2017
  • GE Renewable Energy to provide 179 of its 3.6-137 wind turbines to Markbygden ETT wind farm, currently the largest single site onshore wind installation to be delivered in Europe 
  • Green Investment Group and GE Energy Financial Services partner as 50/50 equity investors to acquire the project from Svevind and raise remaining capital from debt markets
  • Landmark project financing structure brings together European Investment Bank (EIB), Export Credit Guarantees of the Federal Republic of Germany (Hermes Cover), NordLB, KfW IPEX-Bank and HSH Nordbank
  • Nor
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Press Release

Groundbreaking Held For New 1,050-Megawatt CPV Fairview Energy Center In Pennsylvania

October 25, 2017

Silver Spring, Maryland -  [ October 24, 2017 ] -  Today, Competitive Power Ventures (CPV), GE and Osaka Gas held the CPV Fairview Energy Center's groundbreaking ceremony onsite in Johnstown, Pennsylvania with local leaders, industry professionals, union representatives, and neighbors. Located 60 miles east of Pittsburgh, the facility is a $700 million, 1,050-megawatt (MW) natural gas and ethane-fueled combined-cycle electric generating station expected to begin commercial operations in early 2020.


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GE Supports Alba To Raise Eca Financing For Power Project In Bahrain

August 01, 2017
  • Swiss ECA, SERV, to back $310.4 million and €314.3 million loans with reinsurance from Bpifrance and SACE
  • GE Power’s HA technology is being deployed to the project
  • Transaction achieved financial close in July

 


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Press Release

GE And Ypf Secure Financing For Two Fastpower Projects In Argentina

July 05, 2017

BUENOS AIRES, ARGENTINA - JULY 5, 2017 - General Electric (NYSE: GE), through its energy investing unit GE Energy Financial Services, and YPF Energía Eléctrica, a wholly owned subsidiary of YPF S.A. (NYSE: YPF), have secured an approximate $220 million project financing for two jointly owned thermal power projects in Argentina, the 267-MW Tucumán and 107-MW Loma Campana II projects.  Citi, Credit Suisse and Export Development Canada (EDC) jointly led the financing, which represent the first power plant project financing in Argentina in almost 20 years.


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