As part of its Ecomagination initiative, GE has scaled up its wind turbine manufacturing, to develop a smart grid technologies, supporting the next generation of thin film companies and built more efficient locomotives. These investments have been made by the Director of the cleantech and helped GE competition in new energy technologies to develop competitive Us residence.
GE's cleantech efforts – GE Energy financial services-investment arm achieved a significant milestone this month goal, which is 6 billion dollars into renewable energy sources by the year 2010 at the latest. Renewables constitute the entire agreement between you and now 30% of the portfolio of financial services, GE, to an increase of 6% in 2006.
2009 and 2010, the business unit invested or committed to invest more than $ 1.5 billion in wind farms, hydroelectric and geothermal closed transactions and venture capital investments for the production of electricity produced in a smart grid, and renewable energy companies. During the year, the investments of the company shall be spanned with 14 countries, 95 40 wind farms, solar installations, the six hydroelectric project of construction of the landfill gas, 12, and is associated with the other techniques to a wide range of capital – capital debt and the risk capital project more than 15 projects.
6 billion dollars-a declaration was made on the basis of the ACORE's phase II Conference, Washington-DC is based on the Forum is a good idea, business leaders and politicians talk about renewable energy sources in the industry to grow in the United States ".
Phase II-Conference GE leaders have urges politicians in Washington to pass the Treasury Grant Program, before it expires at the end of the year. The program has been a life-saver wind, solar, geothermal and bioenergy companies building projects. Renewable energy trade groups were hoping that Grant the application and the central production tax credits would be important to VAT, currently at the Congress of the invoice; However, before it was removed from the part out of the last week.
Although the prospects for the CAP and trade program or the national renewable energy target is to find good, business leaders still suitable for pushing to expand key tax credits must be for some investors, such as GE, for the sake of clarity. If they have been expanded, GE, says that the u.s.-based investment in 2011 may belong to the first two categories.
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