General Electric Snags Scottish Wind Turbine Order

A 94 MW order from the UK's largest renewable power producer bodes well for GE's Europe renewable energy business.

Jul 8, 2014 at 4:14PM

General Electric Company (NYSE:GE) announced today that SSE Renewables, the United Kingdom's largest renewable power producer, has picked GE to fill its newest wind farm with turbines. Under the agreement, General Electric will provide SSE Renewables with 33 specially designed wind turbines, capable of churning out 2.85 MW each for a total capacity of 94 MW. The press release did not provide any financial details.

"For the Dunmaglass Wind Farm, we worked with SSE to create turbines specifically designed to meet the strict parameters set forth by the local planning authority, which restricted the maximum tip height to 120 meters. We developed a 70-meter tower solution to meet these requirements," said Cliff Harris, general manager of GE's renewable energy business in Europe, in the press release. "As wind energy continues its rapid growth in Scotland, we too are growing our business throughout the United Kingdom, and we are pleased to work again with SSE to help bring Scotland a cleaner power source."

In a regulation-heavy and renewables-friendly landscape such as Europe, this make-your-own-turbine approach could help distinguish GE from would-be competitors less capable of catering to different countries' technical specifications.

General Electric also announced a 16 MW turbine order from SSE Renewables in March.  These latest projects have more than doubled GE's United Kingdom-based commercial and sales team.

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Justin Loiseau owns shares of Apple and General Electric Company. The Motley Fool recommends Apple. The Motley Fool owns shares of Apple and General Electric Company. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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