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.
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