ATLANTA, Jan. 25 (UPI) -- Atlanta-based GE Energy inked a $1 billion deal with wind farm operator Invenergy.
The deal between GE Energy, the energy arm of engineering conglomerate GE, and Invenergy LLC is one of the largest deals in the history of the wind sector.
GE Energy will supply Invenergy with 600 megawatts of its 1.5 megawatt wind turbines for projects in the United States, and 200 megawatts of its 2.5 xl wind turbines for European applications.
All of the turbines are scheduled to be shipped during 2009 and be operational by 2010. GE Energy estimates the turbines will provide enough energy to power about 275,000 homes, Business Week reported.
GE Energy has achieved a 500 percent increase in its wind turbine production since 2004, and its wind business revenues surpassed $4 billion last year.
