GE Boosts Wind Power Portfolio with Oklahoma Investment

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GE Boosts Wind Power Portfolio with Oklahoma Investment

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Monday, May 14, 2012 - 2:00pm

GE is ramping up its wind power business in the heart of oil country. This week the company announced that it bought a 51 percent stake in a $375 million wind farm north of Oklahoma City. The Italian company Enel Green Power, which is building the project, will hold the rest of the stake in the 235 megawatt wind farm. For GE, its investment in the Chisholm View wind project both expands the partnership it has with Enel and its portfolio of 9.6 gigawatts of wind capacity it manages in the U.S. and across the globe.

The wind farm will be located outside Hunter, a small town of 173 people just south of the Kansas border. A transmission line runs through the project that electricity supplies the power grids in Oklahoma City and Wichita. But electricity generated by the wind farm will be supplied to Alabama Power Company, a utility that supplies electricity to 1.4 million customers in the U.S southeast.

Read more about GE and wind power at Triple Pundit.