Tuesday, June 26, 2007

GE unit invests in N.Y. Noble wind power parks

(Reuters) - The projects represent a $564 million investment in
renewable energy that will bring an estimated $352 million in
new revenue to the regional economies over the next 20 years,
GE said.




GE Energy Financial Services said it would invest the Class
A equity as the non-managing member, and Noble would invest the
Class B equity as the managing member of the wind parks. The
companies did not disclose the financial details of the
transaction, which is subject to federal and state regulatory
approvals.


Read more at Reuters.com Bonds News

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