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General Electric lands $491M turbine order

Jan. 13, 2015 11:41 AM ETGeneral Electric Company (GE) StockGEBy: Yoel Minkoff, SA News Editor32 Comments
  • General Electric (GE +0.3%) has agreed to supply 346 MW of wind turbines worth as much as 1.3B reais ($491M) to the Brazilian renewable-energy developer Casa dos Ventos.
  • According to Reinaldo Garcia, GE’s chief executive officer for Latin America,  GE’s turbine factory in Brazil is reaching maximum capacity with the orders.
  • Last month, Garcia announced that the company's wind segment was the fastest growing among GE’s business units in 2014.

This was corrected on 02/04/2019 at 11:05 AM. $491B has been changed to $491M in the first bullet.

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