GE Energy Financial Services Raises 2010 Renewable Energy Investing Target to $6 Billion

Business unit tops $3 billion mark with four-state wind deal

Stamford, Conn.-based GE Energy Financial Services recently raised its 2010 renewable energy investing target by 50% to $6 billion. The GE unit recently crossed the $3 billion mark with its single highest-value wind deal, which spans four states.

GE Energy Financial Services is investing equity in the 600MW portfolio of wind farms in Oregon, Minnesota, Illinois, and Texas. The new $6 billion dollar goal is an acceleration of a previously announced $4-billion target.

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