DALLAS, TX, May 15, 2013 -- GE Energy Financial Services, a unit of GE (NYSE: GE), has closed a $200 million senior secured credit facility subject to a $135 million initial borrowing base for SND Consolidated Energy LLC to refinance debt and fund oil and gas field development in East Texas and Louisiana.
GARDEN CITY, Kan. April 8, 2013 -- Providing capital and technology to farm the wind in America's heartland with global renewable energy company Enel Green Power, GE (NYSE: GE) is investing common equity and supplying turbines for the 250-megawatt Buffalo Dunes Wind Project in Kansas.
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LINDEN, NJ -- February 13, 2013 -- GE (NYSE: GE) unit GE Energy Financial Services announced today that it will auction 15 megawatts of bi-directional electricity transfer capacity across its Linden, NJ, Variable Frequency Transformer (VFT) smart grid project, which uses GE technology to enable a simple and controlled transmission path between electrical grids.
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Trapoil (AIM:TRAP) the independent oil and gas exploration, appraisal and production company focused on the UK Continental Shelf ("UKCS") region of the North Sea is pleased to announce that on 29 January 2013, it entered into a three-year senior secured borrowing base facility agreement of up to US$20 million with an affiliate of GE Energy Financial Services ("the Facility") and associated hedging arrangements with Britannic Trading Limited ("Britannic"), a subsidiary of BP International Limited (the "Oil Price Hedging Arrangements").
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SAN DIEGO, Calif. (January 2, 2013): EDF Renewable Energy, formerly enXco, announced today that it completed financing on the 143 MWp Catalina Solar project in California's Mojave Desert. Majority interest in the project was acquired by a group of investors comprising GE (NYSE: GE) unit GE Energy Financial Services, Metropolitan Life Insurance Company, a wholly owned subsidiary of MetLife, Inc. (NYSE: MET), Union Bank, N.A., and Citi.
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Colorado Highlands Wind project now 100 percent operational
Tri-State Generation and Transmission Association celebrated the completion of Colorado's newest renewable energy facility today at the dedication of the Colorado Highlands Wind project in northeast Colorado. Tri-State was joined at the event by the project's joint owners, Alliance Power, Inc. of Centennial, Colo., and GE Energy Financial Services of Stamford, Conn., as well as several state, county and local elected officials.
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LINDEN, NJ -- December 11, 2012 -- GE (NYSE: GE) unit GE Energy Financial Services announced today that it is now able to offer additional electric transmission capacity from its Linden Variable Frequency Transformer (VFT) smart grid project, which uses GE technology to enable a simple and controlled transmission path between electrical grids.
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WICHITA, Kan., Dec. 3, 2012 -- A group comprising GE (NYSE: GE) unit GE Energy Financial Services, Metropolitan Life Insurance Company, a wholly owned subsidiary of MetLife, Inc. (NYSE: MET), and Union Bank, N.A., has invested nearly $247 million in Wind Capital Group's recently commissioned 201-megawatt Post Rock wind farm. Wind Capital Group, supported by its parent company, NTR plc, maintains a substantial equity stake and serves as managing member of the project, located 80 miles outside Wichita, Kansas, in Ellsworth and Lincoln Counties.
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CRETE, Ill., August 28, 2012 -- Demonstrating its energy market expertise, GE unit (NYSE: GE) GE Energy Financial Services has served as lead arranger of an approximately $107 million senior secured credit facility for two Illinois gas-fired peaker plants, managed by Tenaska Capital Management, LLC (TCM), an affiliate of Tenaska, one of the largest U.S. independent power producers. The transaction will allow TCM to refinance debt facilities for the plants, which use 12 GE 7EA gas turbines and are located in Crete and Manhattan.