GE after the bell 06/05/06: moving forward with wind turbine sales

Posted Jun 5th 2006 11:35PM by Tobias Buckell
Filed under: After the Bell, Deals, Press Releases, Products and Services, Industry, Competitive Strategy, General Electric (GE)

GE closed today at $34.22, down 44 cents. Again, many suspect this is thanks to interest rate worries. Meanwhile GE's Ecomagination reeled in a positive result for the company: GE announced today several wind turbine sales to LA and Hawaii.

GE Energy sold 80 turbines to the Los Angeles Department of Water and Power, and in the right, gusty conditions, they're all capable of pumping out 1.5 megawatts of power each They'll be installed near Mojave, 110 miles north of LA. The Hawaii deal is not as big, with only 14 of these wind turbines sold, but that still makes almost 100 wind turbines added to the board for GE's Energy division. Not a bad day for renewable energy.

Tags: ecomagination, GE, renewable energy, RenewableEnergy, wind power, wind turbines, WindPower, WindTurbines