General Electric (GE) Announces New 100-Megawatt Energy Project for Ontario, Canada
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Price: $161.26 +1.30%
Overall Analyst Rating:
BUY (= Flat)
Dividend Yield: 0.7%
EPS Growth %: +203.7%
Overall Analyst Rating:
BUY (= Flat)
Dividend Yield: 0.7%
EPS Growth %: +203.7%
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General Electric (NYSE: GE) announced a new wind project in the province of Ontario, Canada that will add 100 megawatts of clean energy to the region’s electricity grid. The Dufferin Wind Farm, located in Ontario’s Melanchthon County, is being developed by Longyuan Canada Renewables Ltd., a subsidiary of China Long Yuan Power Generation (CLYPG), China’s largest wind power developer.
GE will supply 31 of its 1.6-100 wind turbines and 18 of its 2.75-103 wind turbines for the project, which supports Ontario’s Green Energy Act. Created by the Ontario government, the act is designed to expand renewable energy production, encourage energy conservation and create green jobs. It features a feed-in tariff to ensure that renewable energy developers are able to achieve a reasonable return on their investments.
GE will supply 31 of its 1.6-100 wind turbines and 18 of its 2.75-103 wind turbines for the project, which supports Ontario’s Green Energy Act. Created by the Ontario government, the act is designed to expand renewable energy production, encourage energy conservation and create green jobs. It features a feed-in tariff to ensure that renewable energy developers are able to achieve a reasonable return on their investments.
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