General Electric Company (NYSE:GE) To Supply 40 Megawatts Turbines For Poland Wind Farm

Albany, New York (09/24/2014) – Recently, the General Electric Company (NYSE:GE) won the order for supplying 40 megawatts of capacity to the Poland wind farm. Sixteen turbines with the capacity of 2.5-megawatt will be delivered to PGE Energia Natury PEW for the wind farm located at Karwice. While giving an e-mail response to Bloomberg, GE did not reveal the sales terms.

GE’s Diagnostics and Monitoring Services to the Turbines

General Electric Company (NYSE:GE) said that the transmission line will connect the 9 miles (15-kilometer) wind farm from Darlowo, Poland to Sianow-Slawno. Also, it will be produce power sufficient for 35,000 households. GE will be offering diagnostics and monitoring services to these turbines from its Germany facility.

In this regard, GE’s General Manager for Renewable Energy Business, Europe, Cliff Harris, said that the project will be an addition to the present base in Poland, where the company has already installed 155 units. Also, Mr. Harris added, the project will allow the company in increasing the overall power capability of Poland wind turbines to 372 megawatt.

The wind monitoring centre of General Electric Company (NYSE:GE)  in Salzbergen will facilitate the troubleshooting of Karwice facility. This centre also offers monitoring of the turbines in Asia, Africa as well as Europe.

Polish Government Renewable Energy Development Objective

The member states of the European Union need enhancement of the renewable energy sector in overall consumption of energy, in accordance with the Directive 2009/28/EC. The Polish Government has a special objective of increasing the share of alternative energy sources to up to 15.5% by 2020. Apart from the wind energy, the Government of Poland is focussing on the biomass source of energy as well.

Also, Poland is one of the attractive investment destinations for the overseas investors, mainly in the manufacturing sector. The Institute for Renewable Energy in Poland reveals that there are over 200 at present, which are working in Poland in the renewable and alternative energy sectors.

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Stinson is US Markets Daily’s Senior Producer for News & Public Affairs.

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