GE Energy, SkyPower Sign Wind Turbine Agreement

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Through an agreement valued at approximately $400 million, GE Energy will provide SkyPower Corp., a Canadian wind developer and Lehman Brothers affiliate, with 200 wind turbines for projects across Canada and the U.S.

Slated for delivery in 2009, the 1.5 MW GE machines will have the capacity to produce a total of 300 MW of wind-generated electricity, GE says.

‘The soaring interest in wind power has placed a tremendous demand on wind turbine suppliers worldwide,’ notes Kerry Adler, CEO of SkyPower. ‘This agreement with GE puts us in an excellent position to meet our project requirements over the next several years.’

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