Brazil Installations Projected to Double over next Two Years----- GE Service Centers to Open in Rio Grande do Norte and Bahia, Employing 100 Technicians----- Best Producing Fleet in the Industry Exceeds Performance Expectations
RIO DE JANEIRO, BRAZIL—August 30, 2012—GE (NYSE: GE), which this year is celebrating its 10th anniversary in the wind industry, today announced that it has installed 300 wind turbines in Brazil. Over the next two years, GE will install more than 600 additional units in Brazil as it continues to grow in the region, the company reported at the Brazil Windpower Conference in Rio de Janeiro.
As the GE fleet expands, the company also is announcing its plans to open two local service centers by 2014, representing a $1.5 million investment in Brazil. The service centers will employ more than 100 service technicians and be located in Rio Grande do Norte and Bahia.
GE's commitment to quality execution is its number one priority. "Execution is a differentiator for GE," says Jean-Claude Robert, general manager of Latin America for GE's renewable energy business. "We have delivered all of our projects on schedule, which allows our customers to meet their PPA requirements."
Designing a product specifically for Brazil's wind speeds has been a key investment for the region, and today GE announces its 1.85-82.5 turbine, which is based on GE's proven 1.5-megawatt (MW) platform. Part of its $2 billion investment in renewable energy, GE's 1.85-82.5 is designed to meet or exceed the historic 98.5 percent availability of the 1.5-MW platform and help improve project economics in higher wind regime sites by requiring fewer turbines per wind farm.
Wind power is the fastest growing source of power generation in Brazil. The Global Wind Energy Council (GWEC) reports that the Brazilian wind sector installed 583 MW in 2011, bringing the country's installed capacity up to more than 1,500 MW, an increase of 63 percent. The GWEC has identified Brazil as one of the world's most promising onshore markets for wind energy for at least the next five years.
GE has been active in Brazil for more than 90 years and opened its wind energy office in Sao Paulo in 2009. The local team leverages GE's global expertise of engineers, field service technicians and logistics excellence to ensure the highest quality and strongest execution is on point for customers in Brazil.
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