GE Energy Buys Into Solar Firm

GE Energy, Atlanta, has invested in eSolar, a provider of next-generation, tower-based concentrating solar thermal technology. MetCap Energy Investments, a Turkish investor and developer of power projects, plans to collaborate with GE in this investment. “When we look at the long-term future of power generation, we see the importance of integrating natural gas and renewable energy sources in new and innovative ways to provide energy that is cleaner, more cost effective and more reliable,” said Paul Browning, president and CEO-Thermal Products for GE Energy, in a press release.

In other news at GE Energy, the company and the Australian firm Leighton Contractors received a $130 million contract to supply and install 22 GE 2.5-100 wind turbines for the Mumbida Wind Farm. The wind farm will generate 55MW megawatts of renewable electricity for the South West Interconnected System, which the partnership estimates to be enough energy to power approximately 35,000 homes. The Mumbida Wind Farm is a 50/50 partnership between Verve Energy, a western Australia government-owned utility, and Macquarie Capital.

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