GE sets to build & equip Australia’s Boco Rock wind farm that Thai investors bought today

A consortium including GE, where GE Wind Energy is a branch of GE Energy, a subsidiary of General Electric, will build and equip the 113MW first stage of Australia’s Boco Rock wind farm, which was today bought by a Thai power group. Electricity Generating Pcl , Thailand’s second-largest private power producer, has spent A$110 million (S$130 million) to buy a 113-megawatt wind farm in Australia, in its first foray into the resource-rich country, the company said on Thursday. EGCO, which has interests in power plants in Laos and the Philippines and in a coal mine in Indonesia, is seeking opportunities to invest overseas and at home to boost its earnings growth. The company said in a statement that it had signed a deal to buy a 100 per cent stake from Asia Pacific Renewables Ltd, which is owned by Continental Wind Partners, the developer of Boco Rock Wind Farm. In 2009, GE was the second largest wind turbine manufacturer in the world. GE’s Australia unit, and its partner Downer, an infrastructure and engineering group, will provide full EPC services for the first stage of Boco Rock, located in the New South Wales Snowy Mountains region. The phase will use 58 1.7MW and nine 1.6MW GE wind turbines. The complete wind farm is expected to feature more than 100 machines. Construction of the project is due to start in the third quarter of this year with power expected to start flowing from the fourth quarter of 2014. GE is relatively new to wind farm. In 2002 GE acquired the wind power assets of Enron during its bankruptcy proceedings while gas turbine sales slumped. Enron Wind was the only surviving US manufacturer of large wind turbines at the time, and GE increased engineering and supplies for the Wind Division and doubled the annual sales to $1.2B in 2003. It acquired ScanWind in 2009. In February 2011, GE also acquired Wind Tower Systems, LLC, a manufacturer of space frame wind turbine towers. (Source)

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