Under two recent agreements representing one of the wind energy industry’s largest supply commitments, GE Energy will deliver approximately 500 megawatts of GE 1.5-megawatt wind turbines for projects planned by PPM Energy during 2006 and 2007.
"With growing awareness and concern over the environment, wind energy has become a popular energy alternative," said Robert Gleitz, general manager of GE Energy's wind segment. "At the same time, the recent extension of the federal production tax credit (PTC) is encouraging companies like PPM to increase their investments in cleaner wind energy, helping to meet our nation’s expanding power needs while minimizing carbon emissions. GE’s recent ecomagination initiative, a commitment to developing cleaner technologies including wind energy, also supports this growing trend."
The recent agreements with PPM call for a total of 334 GE 1.5-megawatt units, among the most widely used megawatt-class wind turbines in the global wind industry, with more than 3,300 of these machines installed worldwide.
According to the American Wind Energy Association, the extension of the PTC is expected to encourage about $3 billion in wind energy investments over the next several years. As of January 2005, the United States ranked third in the world with 6,740 megawatts of installed wind capacity.
Portland, Oregon-based PPM Energy is part of the ScottishPower group of companies. With a portfolio of more than 1,600 megawatts of wind power under its control in operation or under construction, PPM Energy is well on its way toward its goal of bringing 2,300 megawatts of new wind power to market by 2010.