GE energy signs $400 million contract with SkyPower

SNL Renewable Energy Weekly October 5, 2007

General Electric Co. unit GE Energy said Oct. 1 that it will provide SkyPower Corp . with 200 wind turbines for projects across Canada and the United States, through an agreement valued at approximately $400 million.

The company said that the 1.5-MW GE turbines are slated for delivery in 2009 and will have the capacity to produce a total of 300 MW of electricity.

GE Energy has received commitments to supply more than 1,000 of its 1.5-MW turbines for Canadian wind farms since 2004. Canada has become one of the fastest-growing wind energy markets in the country.

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