GE's Wind Portfolio

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GE made the news today with its investment in the Alta Wind I farm in Kern County, California.  This made me want to dig a little deeper to get a better idea of GE Energy Financial Service's strategy.  I went into their website to see their wind energy portfolio and the kind of activity has occurred between December 2010 and this latest announcement.  What I found was interesting and seems to correlate with GE's stock activity.

Take a look at the charts and you'll see December's break out, but inability to break out of the current channel (and overhead resistance in January)



Here's some of the highlights for December:

  • CPV Renewable Energy Company
    $65,000,000
    152-megawatt wind project located 12 miles southwest of Woodward, Oklahoma

  • Horizon Wind Energy LLC
    $111,000,000
    The farms are located in Rattlesnake Road, Oregon (103 MW); Meridian Way, north central Kansas (201 MW); and Pioneer Prairie, northeastern Iowa (300 MW).

  • $117,000,000
    225-megawatt wind farm that supplies its power to the Public Service Company of Oklahoma

and what is claimed to be the "largest farm in the globe"

  • Caithness Energy
    $1.3B
    845-megawatt wind farm located in Oregon!  When completed, Shepherds Flat will be larger than any wind farm currently in operation around the globe.  Of course, the DOE is helping with the $1.3b loan.

But interesting enough, the energy generated at Shepherds Flat will be sold to Southern California Edison under a 20-year fixed-price power purchase agreement.  Most likely a move for California meet their RPS requirements.

That's 1,826 megawatts tagged with a $1.6B bill between December and January on wind energy alone.   Nonetheless, GE Financial's strategy is a good sign for the wind industry.

~Michael

Disclaimer: ECP is not to be recognized as an investment, trading, legal, or tax advisor, and none of the information available herein is intended to provide tax, legal, investment or trading advice.

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