With a goal of investing $6 billion in renewable energy by 2010, GE Energy Financial Services has passed the $4 billion mark - just five months after hitting $3 billion - by investing in New York State's three newest wind farms. GE will invest a total of $100 million in the three wind farms, whose construction began last month.
GE Energy Financial Services closed more than $2 billion of renewable energy transactions last year, and by 2010 expects they will comprise 20-25 percent of its overall energy and water portfolio, up from about 10 percent in 2006.
