MOST TRUSTED NEWSWIRE PRESS RELEASE DISTRIBUTION
PRTODAY / NewswireToday press release distribution service network
More news: Energy
Written by / Agency / Source: General Electric Company
Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

GE Renewable Energy to Deliver Cypress Turbines for 175 MW Onshore Wind Farm in Sweden - GE announced today that it will supply 33 of its 5.3 MW Cypress wind turbines, its largest onshore wind turbine in the field, for the 175 MW Björkvattnet wind farm (“Project”) in Sweden - WindSpace.dk / GE.com
GE Renewable Energy to Deliver Cypress Turbines for 175 MW Onshore Wind Farm in Sweden

 

NewswireToday - /newswire/ - Paris, Ile-de-France, France, 2019/09/11 - GE announced today that it will supply 33 of its 5.3 MW Cypress wind turbines, its largest onshore wind turbine in the field, for the 175 MW Björkvattnet wind farm (“Project”) in Sweden - WindSpace.dk / GE.com. NYSE: GE

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

• GE Renewable Energy secures another win for its Cypress platform, providing 33 of its 5.3-158 Cypress turbines at Björkvattnet wind farm.
• The 175 MW wind farm will power the equivalent of 175,000 homes in Sweden.
• InfraVia Capital Partners, acting through InfraVia European Fund IV, has acquired the project from Vindparken, WindSpace and GE Renewable Energy.

GE will also provide a 25-years Full Services Agreement. The project was developed by Vindparken and WindSpace, with support from GE Renewable Energy, and sold to InfraVia Capital Partners, a French infrastructure investor.

Located approximately 470km north of Stockholm, the 175 MW wind farm will generate enough renewable energy to power the equivalent of 175,000 homes in Sweden and will play a significant role supporting the country’s target to become fossil fuel-free by 2040. The project is expected to reach commercial operations by the end of 2020.

Peter Wells, CEO for Onshore Wind in the European region of GE Renewable Energy, said: “The Björkvattnet wind farm is an exciting opportunity for GE, and our Cypress platform is ideally suited for the project. Cypress is evolving into a versatile solution well suited for Europe’s varied terrain and wind conditions, including the Nordics, Germany, Spain, Italy and Austria, and we look forward to bringing it to Sweden for the first time. By working across the onshore wind value chain to optimize value for our customers, we will help reach its renewable energy targets.”

Announced last year by GE, the Cypress platform is the most powerful onshore wind turbine in operation today. It enables significant Annual Energy Production improvements, increased efficiency in serviceability, improved logistics and siting potential, and ultimately more value for customers. The unique two-piece blade design enables blades to be manufactured at even longer lengths, while improving logistics to drive costs down and offer more siting options, in locations previously inaccessible.

Jens Elton Andersen, WindSpace, said: “We are delighted to have the opportunity to enter into partnership with Vindparken, InfraVia and GE on this landmark project. The project is a great example of bringing together the right teams and competencies for successful execution. In the constant changing market, there is a growing need for new sophisticated technical, commercial and collaborative capabilities to maximize value and execution certainty through the development of new renewable energy projects. A landmark project also for the green transition.”

The Björkvattnet project demonstrates GE’s unique capability to work across the value chain in onshore wind, complementing customer needs and goals, with a broad skill set of project development, capital markets, value engineering, turbine application, and offtake solutions. GE provided the project with development support, offtake solutions, technical and commercial optimization, and equity syndication expertise through GE Energy Financial Services (“GE EFS”). Co-sponsors were advised by NewSec, a financial company, and Mannheimer Swartling (MSA), a Swedish law firm.

Vincent Levita, CEO of InfraVia, said : “InfraVia is an active investor in the renewable energy sector. This Project is our first investment in partnership with GE Renewable Energy and our first investment in Sweden. This investment also illustrates our interest in supporting “buy and build” strategies and represents a good opportunity to develop a diversified European wind power generation platform.”

About GE Renewable Energy

GE Renewable Energy (ge.com/renewableenergy) is a $15 billion business which combines one of the broadest portfolios in the renewable energy industry to provide end-to-end solutions for our customers demanding reliable and affordable green power. Combining onshore and offshore wind, blades, hydro, storage, utility-scale solar, and grid solutions as well as hybrid renewables and digital services offerings, GE Renewable Energy has installed more than 400+ gigawatts of clean renewable energy and equipped more than 90 percent of utilities worldwide with its grid solutions. With nearly 40,000 employees present in more than 80 countries, GE Renewable Energy creates value for customers seeking to power the world with affordable, reliable and sustainable green electrons.

About GE Energy Financial Services
A strategic GE Capital business, GE Energy Financial Services (geenergyfinancialservices.com) is a global energy investor with 35+ years managing assets through multiple energy cycles. Drawing on its technical know-how, financial strength and strong risk management, GE Energy Financial Services invests in and provides capital solutions for long-lived and capital-intensive projects and companies that help meet the world’s energy needs. It is headquartered in Connecticut with regional hubs in London, Houston, Washington D.C., Singapore and Nairobi.

About Vindparken
Vindparken Förvaltning i Rö AB was founded in Sweden in 2008, to originate and develop wind projects. The founders have been active in developing wind projects since 1990, with approximately 750 MW developed to date prior to Björkvattnet. The founders have also developed projects in France, Latvia and Lithuania and cooperated with large international wind turbine manufactures

About Windspace
WindSpace A/S (windspace.dk), founded in 2006, is a Danish wind energy and green tech development company with operations in Denmark, Sweden and Poland. WindSpace has been active in the Swedish wind market since 2007 entering into development partnerships with local partners as lead developer of approx. 450 MW wind projects with further projects currently under evaluation. In Poland, WindSpace has developed and carried out construction management services for 8 wind parks totaling 32 MW and 17 MW PV (solar) projects. During the past 2 years, WindSpace has expanded its focus within the renewable energy industry and has entered into the recovered carbon black market enabling circular economy, projecting a large scale production facility in Denmark.

About Infravia
InfraVia is an independent investment manager specialized in the infrastructure sector. Founded by Vincent Levita in 2008, InfraVia pursues an investment strategy focused on the European mid-market. The company currently has 32 professionals, € 4.0 billion in assets under management through 4 infrastructure funds and 30 investments in 11 European countries.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: General Electric Company

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick NewswireToday Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


GE Renewable Energy to Deliver Cypress Turbines for 175 MW Onshore Wind Farm in Sweden

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
 
Publisher Contact: Agathe Lefévre de la Houplière - GE Renewable Ener 
+33(0) 7 71 44 89 35 agathe.lefevre-de-la-houpliere[.]ge.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any General Electric Company securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From General Electric Company / Company Profile


Read Energy Most Recent Related Newswires:

ABB Wins Framework Contract Worth over 0 Million to Strengthen Italy’s Power Grid
Voith is A Leading Member of the XFLEX HYDRO Project A New Initiative to Build a Resilient, Renewable Power System with Flexible Hydropower Technology
ABB Powers Pioneering Floating Solar Plant in Switzerland
ABB Awarded Global E-mobility Leader 2019
Shanghai LNG Celebrates Yangshan Terminal Expansion Milestone
ABB Delivers Safety and Reliability for AGRANA’s New Wheat Starch Plant
ABB Powers the Electrification of Dutch Colocation Data Center
ABB Showcases the Future of Electrification
ABB i-bus® KNX Combi Switch Actuators Offer Flexibility with Compact Design
ABB Unveils Modern Production Plant for Energy Storage Systems in Baden
ABB Electrification Launches Virtual ‘Smart City’
ABB to Strengthen e-Mobility Portfolio with Acquisition of Chinese EV Charging Provider Chargedot
Enel Green Power Inaugurates New HJT Production Line At 3SUN Factory
ABB Enables Smarter Data Center Solutions for North Carolina-based GIGA Data Center
Tractebel Awarded LNG Expansion Phase in Dominican Republic

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  BizJobs.com

Visit Havens Metal Works





 
  ©2019 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)