General Electric (GE): 4 Billion Invested in Renewable Energy

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02:22:46 pm on July 9, 2008

General Electric (GE) has added 3 new wind farms in upstate New York to its growing portfolio of renewable energy investments which are comprised mostly of wind projects and now total 4 billion (20% of the total).  That represents a 33% increase in renewable energy investments from just 5 months ago and the company is predicting and the 50% increase by 2010.
The upstate New York investments are in a project being developed by Noble Environmental Power which will IPO soon.

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