GE Reaches $4 billion in Renewable Investment

2008-07-09 17:14:55

GE Energy Financial Services has reached $4 billion in investments in renewable energy projects with the addition Wednesday of three wind farms in upstate New York. The General Electric Co. (GE) unit, which invests in global power projects, says renewable energy projects make up nearly 20% of its portfolio, with a majority of the investments in wind projects. GE Energy hit the $3 billion mark five months ago. The unit maintained a target of $6 billion in renewable energy investments by 2010, said Kevin Walsh, a managing director at GE Energy Financial Services, who leads the renewable energy group. Wind power is booming in the U.S. - in 2007, total generating capacity expanded 45% and investments reached $9 billion, according to the American Wind Energy Association.

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Save Earth Fund invests in renewable energy, environmental technology and water management through actively managed funds, ETFs and stocks. The fund is the only of its kind in Sweden. Our aim is to generate a return that clearly exceeds that of the MSCI World index, with a lower than the average risk of environmental funds. No minimum investment. The management fee is 1%. Daily subscriptions/redemptions. Mr Carl Bernadotte, Mr Alexander Jansson and Mr Marcus Grimfors are responsible for managing the fund. Learn more about our managers here.