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Press Release

GE Renewable Energy's LM Wind Power Unit Inaugurates New Technology Center Americas Facility Near New Orleans

November 08, 2018
  • Company set to hire up to 100 new employees by 2021
  • Facility will drive research to make wind turbine blades lighter and more cost effective
  • Center is part of NASA Michoud Campus, bringing world-class technical and logistical resources

November 8, 2018, New Orleans, LA - LM Wind Power, a unit of GE Renewable Energy (NYSE: GE), today announced the inauguration of a new Technology Center Americas facility to develop and test new techniques for designing and building wind turbine blades at its facility on the NASA Michoud campus outsid

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Press Release

GE Renewable Energy debuts high-speed blade inspection system - advancing performance and reliability for all turbine assets

October 09, 2018
  • Applies thermal imaging technology and wide-band acoustic spectral analysis to detect anomalies on blades across entire wind fleets
  • Can be used on all blade platforms, regardless of manufacturer, with high accuracy and location precision
  • Modular system is a significant advance in gathering data analytics, reducing physical inspections, and need for technician climbs

Schenectady, NY (October 09, 2018) - Today at Blade O&M Forum in Dallas, GE Renewable Energy (NYSE: GE) announced the availability of a new

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Press Release

Funds Managed by Apollo Global Management to Acquire Approximately $1 Billion Portfolio of Equity Investments from GE Capital's Energy Financial Services

October 07, 2018

NEW YORK, New York - October 8, 2018: Funds managed by affiliates (the “Apollo Funds”) of Apollo Global Management, LLC (together with its consolidated subsidiaries, “Apollo”) (NYSE: APO) and GE Capital (NYSE: GE) today announced they have entered into a definitive agreement for the Apollo Funds to acquire an approximately $1 billion portfolio, including assumed obligations, of predominantly equity investments in energy assets (the “Equity Portfolio”) from GE Capital’s Energy Financial Services unit.  The Equity Portfolio comprises approximately 20 investments in renew

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Press Release

GE Renewable Energy Launches Cypress Onshore Wind Platform, Designed to Grow, Adapt, Thrive and Lower the Cost of Electricity for Customers

September 24, 2018
  • Cypress advances proven technology from GE's 2 MW and 3 MW platforms
  • 5.3-158 produces over 20 GWh per year
  • Latest Cypress turbine - 5.3-158 - offers 50 percent increase in Annual Energy Production (AEP) over life of the turbine vs 3 MW platform
  • 5.3-158 can provide power for the equivalent of 5,200 European residential homes

HAMBURG, Germany - September 24, 2018 - GE Renewable Energy (NYSE:GE) today launched its new onshore turbine platform, named Cypress, and the next model from that platform, GE's 5.3-158 turbine.

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GE to provide turbines and facilitate €90 million financing for 100MW Ukrainian wind farm

August 28, 2018
  • German export credit agency guarantees financing
  • GE to supply 26 3.8-130-110HH turbines

 

KIEV, UKRAINE - AUGUST 28, 2018 - GE Energy Financial Services, a unit of GE (NYSE: GE), announced today it facilitated the raising of €90MM in project financing for stage I (100-megawatt) of DTEK Renewables B.V. Primorskaya wind electricity plant (Primorskaya WEP), located on the Sea of Azov shore in Zaporizhia region, South Ukraine.

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GE Renewable Energy Business Incrementa su Producción en la Planta de Ponferrada

August 10, 2018

• LM Wind Power, un negocio de GE Renewable Energy,  aumenta su fuerza laboral en Ponferrada en 180 trabajadores hasta 2020

• Desarrollará una línea de producción adicional para incrementar  la capacidad actual.

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GE Capital's Energy Financial Services Agrees to Sell Project Finance Debt Business Valued at Approximately $2.6 Billion to Starwood Property Trust

August 08, 2018

Norwalk, Connecticut - August 8, 2018: GE Capital (NYSE:GE) has entered into an agreement to sell its GE Energy Financial Services’ Project Finance Debt Business (“Project Finance Debt Business”), including the transfer of a team of employees, to Starwood Property Trust, Inc. (NYSE: STWD) (“Starwood”). The sale comes as the energy investing unit of GE seeks to reduce the size of its asset base in support of a smaller and more focused GE Capital.

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GE Renewable Energy acquires WMC wind turbine blade test center in Wieringerwerf, Netherlands

July 18, 2018
  • Facility will test rotor hubs for GE blades and offer a range of testing services to other industry partners

GE Renewable Energy Business, LM Wind Power announced today the planned acquisition of the WMC test facilities in Wieringerwerf, Netherlands. The transaction is expected to close within a few weeks' time subject to certain pre-completion conditions.

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GE to launch its center of excellence in Cherbourg

June 28, 2018
  • LM Wind Power, a GE Renewable Energy Business, offers its new employees a theoretical and practical four to six-week training program that trains people to wind turbine blades manufacturing
  • One hundred managers, technicians and operators on permanent contracts are to be filled in 2018
  • The start of the prototyping phase is expected by January 2019

Thursday, June 28th, 2018, Cherbourg, France: GE will recruit about 100 people until the end 2018 for its new LM Wind Power offshore wind turbine blades plant.

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Press Release

EMF Offshore Wind - Statement

June 20, 2018

GE welcomes the confirmation of the three Eolien Maritime Français offshore windfarms paving the way for a buoyant offshore wind industry, which carries considerable potential for economic growth, job creation and high-tech innovation in France. These three offshore windfarms, located in Fécamp, Courseulles and Saint-Nazaire will lead to new job creation in France required to build and deliver GE’s Haliade 150-6MW wind turbines.

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