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Press Release

GE Energy Financial Services Raises Largest* Solar Fund in Japan with Development Bank of Japan as Anchor Investor

June 29, 2017
  • Fund represents a new renewable energy investment vehicle led by GE for the Japan market
  • The fund is targeted at JPY 75 billion and has the potential to grow to JPY 90 billion

TOKYO, JAPAN - 29 JUNE 2017: GE Energy Financial Services (“GE EFS”), the energy investing unit of General Electric (NYSE:GE), has raised the largest* solar energy fund in Japan to invest in Japanese solar power projects. Development Bank of Japan Inc.

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GE Energy Financial Services Surpasses $15 Billion in Renewable Energy Investments

May 23, 2017
Press Release

GE's H-class Engineered Equipment Package and financing to help power Ares EIF's Birdsboro Power

March 02, 2017
  • A single shaft engineered equipment package consisting of GE’s high efficiency HA gas turbine, steam turbine, heat recovery steam generator, and other combined-cycle equipment will power new plant in Pennsylvania
  • Ares EIF closes debt financing from GE Energy Financial Services, CIT Bank and Investec
  • When completed, Birdsboro Power is expected to produce 488 MW of efficient power

 

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GE's F-class gas turbine technology and financing to help power New York's upcoming Cricket Valley Energy Center

January 26, 2017
  • Bechtel places order for an engineered equipment package each consisting of three GE gas turbines, three GE steam turbines, three GE heat recovery steam generators , and other combined cycle equipment
  • GE Capital’s Energy Financial Services helped to secure $1 billion in financing for the project
  • When completed, Cricket Valley Energy Center is expected to be the most efficient combined cycle power plant in the state

SCHENECTADY, N.Y.

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Press Release

GE Energy Financial Services and Citi Provide Tax Equity Financing To Deepwater Wind's Block Island Wind Farm

October 11, 2016

First U.S. Offshore Wind Farm on Track for First Energy this Year

BLOCK ISLAND, RHODE ISLAND, USA - OCTOBER 11, 2016: GE (NYSE: GE) unit, GE Energy Financial Services, and Citi today announced the closing of tax equity financing on Deepwater Wind’s Block Island Wind Farm, the first offshore wind farm in the United States.

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Press Release

Falvez Energy Completes Financing with GE Energy Financial Services for 163-MW Texas Wind Farm

September 27, 2016

AMARILLO, TX - WASHINGTON, DC , Sep 27, 2016 -

Falvez Energy has closed the financing of the Falvez Astra Wind Project in Texas, its first utility scale wind project. GE (NYSE: GE) unit, GE Energy Financial Services, provided the construction financing, which will enable the construction of the 163-megawatt wind farm. Additionally, GE Energy Financial Services and BNP Paribas SA will each provide 50% of the long-term tax equity for the project.

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Finanzierung für Windparkprojekt Merkur bestätigt

August 12, 2016
  • Deutsches Projekt zur Errichtung eines Offshore-Windparks mit einer Leistung von 396 Megawatt sichert Finanzierungsmittel in Höhe von 1,6 Milliarden Euro
  • Das Projekt ist eines der größten Finanzierungsvorhaben zur Lieferung von Offshore-Windenergie in Deutschland
  • Starkes Kapitalgeber-Konsortium bestehend aus Partners Group, InfraRed Capital Partners, DEME und GE
  • Erste großangelegte kommerzielle Nutzung der Turbine GE Haliade 150-6MW
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Press Release

Project Merkur Confirms Financial Close

August 12, 2016
  • 396-MW German offshore wind farm development project raises EUR 1.6 billion
  • Represents one of the largest project financed offshore wind projects in the country
  • Strong equity consortium with Partners Group, InfraRed Capital Partners, DEME and GE
  • First large-scale commercial deployment of the GE Haliade 150-6MW turbine.
 

12 AUGUST 2016 - Hamburg, Germany: On behalf of its shareholders, Merkur Offshore GmbH is pleased to announce that the 396MW Merkur offshore wind development project has confirmed financial close.

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Canadian Solar Subsidiary Recurrent Energy Closes Financing for 75 Megawatt Astoria 2 Solar Power Project

January 05, 2016

GUELPH, Ontario, Canada, January 5, 2016 - Canadian Solar Inc. (the “Company”, or “Canadian Solar”) (NASDAQ: CSIQ), one of the world’s largest solar power companies, today announced that its wholly owned subsidiary, Recurrent Energy, one of North America’s largest solar project developers, closed on a tax equity investment commitment with GE (NYSE: GE) unit GE Energy Financial Services for the 75 megawatt (MWac) Astoria 2 solar power project.

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GE Energy Financial Services Invests in Green Power Investment Corp's Solar Project in Futtsu City, Japan

April 21, 2015

FUTTSU CITY, Japan -- GE Unit (NYSE:GE), GE Energy Financial Services has formed a new partnership with Tokyo-based renewable energy project developer, Green Power Investment Corp. (“GPI”), to invest in a 42-megawatt (DC) photovoltaic solar power project in Futtsu City, Japan. GE Energy Financial Services will invest alongside GPI in the project. In addition to the investment from GPI and GE Energy Financial Services, financing from a syndicate of four banks, led by The Bank of Tokyo Mitsubishi UFJ, Ltd. will be utilized for the project.

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