COLLEGE STATION, TX -- Jan. 8, 2014 -- GE Energy Financial Services, a unit of GE (NYSE: GE), has formed its third partnership with a Vess Oil Corp. affiliate to purchase oil reserves in East Texas for $108 million. The partnership is acquiring approximately 13,000 net acres and associated Woodbine production from an affiliate of EnerVest, Ltd. The assets are located approximately 20 miles northeast of College Station in Brazos, Madison and Grimes counties, and the target zones are the existing Woodbine and prospective Eagle Ford formations.
GREENWICH, Conn., Jan. 7, 2014 - Starwood Energy Group Global, LLC, a leading private investment firm focused on energy infrastructure, announced today that an affiliate has completed agreements to finance and construct its first wind farm, a 211 Megawatt (MW) project 45 miles south of Lubbock, Texas.
The Stephens Ranch project, which represents the first of two phases that will total 377 MW, will use GE 1.7-100 turbines and be built by Wanzek Construction, with completion scheduled for late 2014.
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HENDERSON, Nev. Jan. 6, 2014 -- Supporting a power plant that uses GE technology to deliver reliable, lower-emission energy while expanding its generation portfolio, GE Energy Financial Services - through GE Capital Markets, Inc. -- served as the lead arranger in a $97.4 million senior secured credit facility for Saguaro Power Company's 105-megawatt combined cycle cogeneration project in Nevada.
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ROCK FALLS, IL -- Dec. 12, 2013 -- GE (NYSE: GE) announced today it is anchoring a lending group for longtime customer Invenergy LLC to finance construction of its 584-megawatt Nelson Energy Center in Illinois. The plant will operate with GE's 7F gas turbine technology, with support of a long-term GE maintenance services agreement.
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ROSAMOND, CA -- December 11, 2013 -- GE unit (NYSE: GE) GE Energy Financial Services -- along with Citi, Union Bank, N.A. and Metropolitan Life Insurance Company -- has completed an equity investment in EDF Renewable Energy's Catalina Solar plant, one of the world's largest photovoltaic plants, located on 1,100 acres of sunny and windy Mojave Desert land southwest of the Tehachapi Mountains in Rosamond, California. This transaction contributes to GE Energy Financial Services' one--gigawatt, $1.5 billion solar investment commitments, comprising over 50 installations.