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.
business unit
tags
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.
business unit
tags
Lancaster, CA: U.S. ‘Model City’ for Alternative Energy
'Hybrid' Nuclear Plants Could Make a Dent in Carbon Emissions
Many efforts to smooth out the variability of renewable energy sources — such as wind and solar power — have focused on batteries, which could fill gaps lasting hours or days. But MIT’s Charles Forsberg has come up with a much more ambitious idea: He proposes marrying a nuclear power plant with another energy system, which he argues could add up to much more than the sum of its parts.
What to expect in 2014. Leading voices reveal the next big things
We’ve asked media, entrepreneurs and thought leaders from Australia and beyond to look into the crystal ball to tell us what’s on their minds.
Here are their predictions for our world in 2014.