Strategic shift helps GE Energy buck the downturn with $1 billion deal
US: Christmas came early in December for GE Energy as it landed a $1.4 billion contract to kick off sales of its new 2.5MW turbine in the US market. All 845MW are destined for the Shepherds Flat wind project in Oregon developed by Caithness Energy. GE's first post-credit-crunch wind turbine sale reflects subtle shifts and broadening of GE's strategy in the wind business.
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