GE Plans to Invest $1 Billion Annual on Solar, Wind Farms
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General Electric Co.’s Energy Financial Services unit plans to invest more than $1 billion a year on renewable-power projects.
That will build upon the $10 billion that GE has already invested in 17 gigawatts of mostly wind and solar plants since forming the unit in 2006, said EFS Chief Executive Officer David Nason. Those plants help avert 26 million tons of greenhouse-gas emissions annually, the equivalent of 5.6 million cars.