Bloomberg News

GE, JP Morgan Invest $225 Million in NextEra Wind Farm in Texas

February 27, 2012

General Electric Co. (GE) and JP Morgan Chase & Co. jointly purchased a minority stake in the Capricorn Ridge wind farm in Texas for $225 million from NextEra Energy Inc. (NEE)

GE, whose equipment generates more than a quarter of the world’s power, has invested in 2,143 megawatts of wind farms in Texas, about 20 percent of the state’s total installed wind capacity, the Fairfield, Connecticut-based company said today in a statement.

The 662.5-megawatt Capricorn Ridge wind farm, which began operating in 2007, uses turbines produced by both GE and Siemens AG (SIE) and can produce enough power for about 220,000 homes.

To contact the reporter on this story: Christopher Martin in New York at cmartin11@bloomberg.net.

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net.


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