AGX Argan Inc. Biodiesel Power Plant Mfgr Message Board

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Gold/Mining/Energy : AGX Argan Inc. Biodiesel Power Plant Mfgr

AGX 310.41

+1.4%

9:30 AM EST

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To: Scoobah who wrote (26)	6/6/2008 8:39:33 PM
From: Scoobah	of 73

GE Energy has reached an agreement with Invenergy LLC worth more than $1 billion. GE said the $1 billion agreement is one of the largest commitments for wind turbines to be delivered in a single year. Under the deal, GE Energy, based in Atlanta, will deliver 400 of its 1.5 megawatt wind turbines to Chicago-based Invenergy for projects in North America, and 200 megawatts, or 80 turbines, for projects in Europe. The turbines are scheduled to be shipped in 2009. The 800 megawatts of wind energy will provide power to 275,000 households. Some of the work will be done at GE Energy's Schenectady plant. Victor Abate, GE Energy's vice president of renewables, called the deal "a milestone agreement." Since 2004, GE has increased its wind turbine production by 500 percent. Its wind business revenue was more than $4 billion in 2007.

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