Recent News: GE Energy China, GE Energy Financial Services, Renewable Energy, Winds, and GE Aviation

GE finds niche amid conservation push
For Jack Wen, the charismatic chairman of GE Energy China, this is the best of times for his line of business. Energy conservation has taken center stage as the nation tries to combat pollution and environmental damage. Rising oil prices, which recently crossed 100 U.S. dollars a barrel, have added impetus to this movement...

GE Energy Financial Services Raises Investment Commitment
GE Energy Financial Services says it has raised its 2010 renewable energy investing target by 50% to $6 billion, as well as exceeded the $3 billion mark with its single highest-value wind deal...

GE to double renewables investments
General Electric is expected today to announce it will double its investment in renewable energy to $6bn by 2010 as the company seeks to build on its ecomagination strategy.
Reports in the Financial Times (FT) suggest the strength of the alternative energy market has prompted the company to increase its targets for investment in the sector...

Fair winds: GE invests $300 million in Houston-based power firm
This was a good day for the wind power business with GE announcing a $300 million investment in Houston-based Horizon Wind and a controversial project off Cape Cod, Mass. clearing another regulatory hurdle...

GE CMO Dan Henson Kick's Off Measured Thoughts
MarketingNPV today launched Measured Thoughts a video webcast series featuring a one-on-one conversation with today's leading CMOs offering executive-level insight into the efforts required to measure the payback on marketing initiatives. The series is hosted by Dave Reibstein, William Woodside Professor of Marketing at Wharton School of Business, and managing partner at MarketingNPV. Dave's first guest is Dan Henson, CMO, General Electric...

Funding Roundup: GE to Pay $6B for Renewables
The sound of cash pouring into the greentech sector echoed twice as loud Monday when GE Energy Financial Services said it plans to double its renewable-energy investments to $6 billion by 2010....

GE raises renewable energy target
General Electric Co.'s energy investment business, buoyed by rising demand for alternative power, said Monday it will increase its investment in renewable energy by 50 percent, to $6 billion by 2010...

GE Gains 100th CF34-3 OnPoint Contract
GE Aviation announced it signed its 100th OnPoint services agreement for CF34-3 business aviation engines. More than 200 CF34-3s have been covered by one of these MRO deals, which typically last five to 10 years...

GE Energy to Supply 333 Wind Turbines For Projects in Two States
December, 2007; GE Energy has received a contract of approximately $650 million to provide 333 wind turbines to Noble Environmental Power for new and expansion projects in New York and Texas that will add nearly 500 megawatts of wind power capacity to the country's renewable energy supply...

GE gets greener
According to the FT, GE "will announce plans to double its investments in renewable energies to $6bn by 2010." GE is, of course, smart to put its capital into a necessary hedge against crude oil and gas. Most evidence points to the fact that high prices in this sector will make alternative energies more practical and profitable...