General Electric (GE) Enters Large Wind Turbine Supply Agreement with China’s Huaneng Corp

StreetInsider.com

General Electric (NYSE: GE) announced it will supply one of the world’s largest power generation companies—China’s Huaneng Corporation—with 55 units of GE 2.75-120 brilliant wind turbines, to be installed at the Huaneng Dali Longquan wind project in the Yunnan province of China. The project will provide 151 megawatts of power, making it GE’s largest wind order in China to date. The deal also includes a service agreement for two years of operations and maintenance.

“We chose GE based on its proven reliability in other parts of the world, and the technology behind GE’s 2.75-120 wind turbine is well-suited for our local land constraints and the high-altitude project site,” said Lin Gang, president of Huaneng Renewables. “We are excited to collaborate with GE to bring more renewable energy to China.”

According to the Global Wind Energy Council, China added more than 16 gigawatts (GW) of wind power in 2013, accounting for more than 45 percent of the world’s total wind energy installations. The country aims to increase its installations to 150 GW of total wind capacity by the end of 2017 as a step toward a larger target of producing at least fifteen percent of overall energy output from renewable sources by 2020.

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