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.