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Wind winds up the year big with agreement for $2B Oregon project
Wind technology gets a boost as GE wins a $1.4 contract from Caithness Energy -- part of a $2B Oregon wind farm project.
The wind has been howling here in New Jersey for the past two days, which naturally has me thinking about wind turbines. Just this week, General Electric signed the biggest U.S. deal yet for a project in Oregon. GE's portion of the deal is worth $1.4 billion, but the entire project is worth more than $2 billion.
The agreement with Caithness Energy (which is an independent power producer) will go toward the development of an 845-megawatt wind farm stretching across 30 square miles in Gilliam and Morrow counties. The turbines -- all 338 of them -- are scheduled to be installed between 2011 and 2012. The power will be used by Souther California Edison.
To read more about the deal, check out this story on our Smart Planet sister blog site.