GE AEROSPACE 
- Adding Solar to 10 Percent of GE's Global Wind Turbine Installed Base, Would Sell Out GE's Recently Announced 400 Megawatt Solar Panel Factory in Colorado for Six Years
- 23-Megawatt Contract is Largest Solar Equipment Supply Project Agreement in the Midwest
- Located Adjacent to Invenergy's Grand Ridge Wind Project
- Further Expands GE's Leadership in Renewable Energy Space with 27-Gigawatts Installed Globally
SCHENECTADY, N.Y.-January 18, 2012-GE (NYSE: GE) today
announced an agreement to supply 23 megawatts (MW) of
advanced solar equipment to Invenergy. will install the solar
equipment at its Grand Ridge Solar project ("Grand Ridge
Solar"), now under construction in Illinois. When completed
in mid-2012, Grand Ridge Solar will be the largest solar farm
in the Midwest.
The Grand Ridge Solar site is located in La Salle County,
Ill., adjacent to the company's Grand Ridge Wind project
("Grand Ridge Wind"). Invenergy, a leading clean energy
company and the nation's largest independent wind power
generation company, owns and operates Grand Ridge Wind, where
140 of are providing 210 MW of power.
"As we look to continue the expansion of our clean energy
portfolio, advancements in technology have made solar a more
competitive solution," said Michael Polsky, Invenergy's
president and chief executive officer. "Having installed over
1,500 of GE's wind turbines at projects across the United
States, integrating GE's solar technology is a natural
fit."
"Invenergy again has established itself as a market leader by
bringing its development capabilities to both wind and solar
projects," said Victor Abate, vice president of GE's
Renewable Energy business. "Expertise in multiple
technologies is the future of the renewable energy landscape.
At GE, we're uniquely able to partner on both wind and solar
projects with customers like Invenergy."
to Grand Ridge Solar, GE also will supply packaged inverter
skids that include Brilliance* inverters, transformers and
re-combiners, as well as GE SunIQ plant controls. The will
enhance the grid integration capability of the solar
plant.
GE Advancements in Solar Technology
its plans to build the country's largest solar panel factory
in Aurora, Colo. At capacity, the new factory will produce
enough panels per year to power 80,000 homes and will
highlight a $600 million investment in GE's solar
business.
Colorado also is home to GE Energy's thin film solar pilot
line, where joint technology advancements from GE's Global
Research Center and PrimeStar Solar have been validated and
tested. GE completed the last year.
Solar panels produced in the new Colorado factory will be
more efficient, lighter weight and larger than conventional
thin film panels. High efficiency is a key component of GE's
commitment to offer advanced solar products which reduces the
total cost of electricity for utilities and consumers.
Lighter panels will allow easier installation and facilitate
important applications such as commercial rooftop systems.
Larger-sized panels help to lower total system cost by
reducing the amount of racking and electrical components
required.
As one of the leading providers of renewable energy products
and services, GE is committed to offering best-in-class
technology at the lowest cost of electricity. Since 2002, GE
has established itself as a global leader in the renewable
energy industry, installing more than 27 gigawatts of around
the world.
About Invenergy
Invenergy and its affiliated companies develop, own and
operate large-scale renewable and other clean energy
generation facilities in North America and Europe. Invenergy
is committed to clean power alternatives and continued
innovation in electricity generation. Invenergy's home
office is located in Chicago with regional development
offices located throughout the United States, and in Canada
and Europe.
As the nation's largest independent wind power generation
company, Invenergy and its affiliated companies currently
have over 6,700 MW of wind, solar and thermal projects under
contract, in construction or in operation. For more
information, please visit .
About GE
GE (NYSE: GE) works on things that matter. The best people
and the best technologies taking on the toughest challenges.
Finding solutions in energy, health and home, transportation
and finance. Building, powering, moving and curing the world.
Not just imagining. Doing. GE works. For more information,
visit the company's website at .
GE also serves the energy sector by providing technology and
service solutions that are based on a commitment to quality
and innovation. The company continues to invest in new
technology solutions and grow through strategic acquisitions
to strengthen its local presence and better serve customers
around the world. The businesses that comprise GE Energy-GE
Power & Water, GE Energy Management and GE Oil & Gas-work
together with more than 100,000 global employees and 2010
revenues of $38 billion, to provide integrated product and
service solutions in all areas of the energy industry
including coal, oil, natural gas and nuclear energy;
renewable resources such as water, wind, solar and biogas; as
well as other alternative fuels and new grid modernization
technologies to meet 21st century energy needs.
* Trademark of the General Electric Company.
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