in News Departments > Projects & Contracts
print the content item

Stamford, Conn.-based GE Energy Financial Services, a global investor in wind, solar, biomass, hydro and geothermal power, is financing the construction and operation of Tawhiri Power LLC's 21 MW Pakini Nui wind farm. The wind farm will be constructed in South Point on the island of Hawaii - one of the world's windiest habitable locations, the companies say.

The wind farm will annually produce electrical energy estimated to be sufficient for more than 10,000 homes. According to the companies, it will also reduce greenhouse gas emissions by more than 22,000 tons per year.

"This transaction helps oil-dependent Hawaii meet its renewable energy target in the spirit of GE's ecomagination initiative, broadens our geographic footprint and supports Tawhiri's vision of a best-in-class wind farm," says Kevin Walsh, GE Energy Financial Services' managing director and leader of its renewable energy team. "Ecomagination is GE's initiative to help its customers meet their environmental challenges."

GE Energy will supply 14 of its 1.5 MW wind turbines to the project, which is expected to become operational in early 2007.


Trachte Inc._id1770
Latest Top Stories

Senate Passes Tax Extenders Bill With Wind PTC Extension

The legislation, which passed in the U.S. House earlier this month, will renew the critical production tax credit through the end of 2014 - giving developers only about two weeks left to start construction.


Transmission Study Shows Nebraska Could Handle A Lot More Wind Power

A new report released by the Nebraska Power Review Board finds that the state already has enough infrastructure to accommodate at least 2 GW of additional wind generation.


Can Wind Energy And Birds Coexist? Environmental Group Says Yes

The Environmental Defense Fund, a supporter of responsible wind energy development, points out ways to help mitigate impacts of turbines on birds and bats.


Another Study Finds Wind Turbines Do Not Affect Nearby Property Values

Research conducted by the University of Guelph focused on regions in Ontario, and the conclusion echoes that of previous studies.


Too Little, Too Late? U.S. House Approves Wind PTC Extension

The U.S. House of Representatives has passed a tax extenders package that would renew the wind production tax credit (PTC) and about 50 other expired tax breaks through 2014. The wind industry argues the short-term fix is virtually no fix at all.

Hybrid Energy Innovations 2015