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EDP signs contract with GE Energy

EDP signs contract with GE Energy

Horizon also announced the inauguration of its regional headquarters in Albany, in the state of New York, to supervise future projects in New York state and the North-east of the United States.GE will supply Horizon with 201 1.5 megawatt wind turbines, the delivery of which will be completed by 2010. The 2 year agreement includes both the supply of turbines and the maintenance service for these. “We predict a sharp growth in future wind energy projects in this entire region, and our new Albany office enables us to better attend to this promising market”, stated Antonio Martins da Costa, CEO of Horizon Wind Energy. “In addition, our local presence will further reinforce our strong work relationship in GE Energy’s renewable energy sources department, whose headquarters are situated near to Schenectady, in New York”.“Albany and the region’s capital have a rich history in the energy industry”, states Albany Chamber President, Jerry Jennings. “We are glad to be able to continue playing an integral role in the future, while clean energy technology in companies like GE Energy begin to change our way of producing energy. We were delighted to receive the news that Horizon Wind Energy had chosen Albany as the place from which to manage its activity in the North-east”.“Now present in this region, we are glad to be able to work closer to Horizon Wind Energy”, says Victor Abate, Vice-president of Renewable Energy Sources at GE Energy. “The new agreements with Horizon is hard evidence of the fact that the wind energy industry continues to support our 1.5 megawatt wind turbine technology and our support services. We supply more than 7,700 of these machines to projects all over the world”.With its headquarters in Houston, Horizon Wind Energy is a subsidiary company of EDP – Energias de Portugal S.A., the largest Portuguese utility and one of the largest companies in the world, producing electricity from renewable energy sources. At the end of 2007, Horizon ran wind farms with an installed capacity of over 1,300 megawatts. The company is currently developing a portfolio of more than 10,500 megawatts in several states.The new agreements with Horizon Energy, which continued in October 2007, announce global agreements between GE and Horizon, an EDP subsidiary, for the supply of 500 megawatt turbines, for projects in the 2008/2009 period, in the USA and Europe.In addition to the relationship with GE Energy, Horizon Wind Energy is being given an equity investment of 3 billion dollars in four of its wind farms. The investment shall be allocated to a portfolio of 600 megawatt wind farms in Oregon, Minnesota, Illinois and Texas.The GE turbine technology, a key component of Ecomagination, is included in the GE company initiative to launch challenges, such as the need for cleaner and more efficient energy sources, with the aim of lowering emissions and increasing clean water sources.The company’s knowledge base includes the running and/or installation of more than 7,500 wind turbines with a nominal production of over 9,800 megawatts.