Saturday, February 20, 2010

GE Energy Finance Unit May Expand B.C. Wind Farm (Update1) - BusinessWeek

GE Energy Finance Unit May Expand B.C. Wind Farm (Update1) - BusinessWeek

Feb. 14 (Bloomberg) -- General Electric Co.’s energy finance unit said it may double the capacity of a wind farm in British Columbia, increasing its bet on renewable-power in Canada’s westernmost province.

GE and Vancouver-based Plutonic Power Corp. last year bought the unfinished, 144-megawatt Dokie Ridge Wind Project, the first equity investment in wind energy in Canada for both companies.

“British Columbia has tremendous natural resources that are ideal for large-scale renewable energy projects,” Alex Urquhart, who runs the energy financial services unit, a division of Fairfield, Connecticut-based General Electric’s GE Capital division, said in a statement today.

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