GE announces major wind investment in Europe
GE plans to spend about $450 million over the next 10 years to expand its wind turbine business in Europe, the company said Thursday.
The investment will finance wind turbine engineering, manufacturing, and service facilities in Germany, Norway, and Sweden by 2016, and a new manufacturing facility in the U.K. by 2020. The plans also include new facilities to demonstrate GE's 4-megawatt wind turbine.
Specifically, 75 million euros ($100 million) will go toward a research and development center in Norway, where there are plans under way to test GE's new 4-megawatt offshore wind turbines. GE already has … Read more