GE sees substantial growth in wind power business

May 20, 2005—GE Energy, a business unit of the General Electric Company (GE), announced that it expects its 2005 revenues for wind energy to exceed $2 billion, a 300 percent increase over 2002, its first year of wind energy operations.

GE Energy has received order and commitments for 2,400 megawatts of new wind power capacity worldwide, including 1,650 megawatts in the United States. That represents two-thirds of the new wind capacity to be installed this year, according to the latest projection by the American Wind Energy Association (AWEA).

With wind turbine design, manufacturing and assembly facilities in Germany, Spain and the United States, GE Energy’s current wind energy portfolio includes wind turbines with rated outputs ranging from 1.5 to 3.6 megawatts, and support services ranging from project development assistance to operation and maintenance. For more information, see the GE Web site.

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