GE Energy Financial Services (EFS), a unit of General Electric Co., has agreed to invest in Invenergy Wind LLC's Stanton wind energy project. Financial details were not disclosed.
Sited in Martin County in west Texas, midway between Fort Worth and El Paso, the 120 MW Stanton Wind farm will employ 80 GE 1.5 MW sle wind turbines. Started in the summer of 2007, construction is scheduled for completion by April 2008.
With this investment, GE EFS holds equity in 51 wind farms with a capacity to produce more than 2,550 MW. The Stanton project interconnects with Oncor, the transmission affiliate of TXU, and all power will be sold into the Electric Reliability Council of Texas market. Energy price risk is hedged through a long-term agreement with Credit Suisse Energy.
