Renova Energia and GE Sign $394 Million Contract for 230 Wind Turbines

  Renova Energia and GE Sign $394 Million Contract for 230 Wind Turbines

  The 230 Wind Turbines Will Have an Installed Capacity of 386 Megawatts of
               Energy Sold in the 2010 and 2011 Brazil Auctions

Business Wire

SAO PAULO -- December 03, 2012

GE (NYSE: GE) and Renova Energia, a wind developer leader Brazil with 1
gigawatt installed, have signed a contract worth $394 million for 230 GE
1.68-82.5 wind turbines. All 230 turbines have a 10-year operating contract,
which will be managed from GE’s services center.

The purchase is part of Renova’s expansion plans that began in November 2011
with the construction of the Alto Sertão II Wind Farm, comprising 15 parks
with a total installed capacity of 386 megawatts, enough to supply power for a
city of 1 million people. The contract is to supply energy sold by Renova in
the Reserve Energy Auctions (LER) in 2010 and 2011. The Alto Sertão II Wind
Farm is in the cities of Caetité, Guanambim and Igaporã, in the southeast of
Bahia state, in Brazil.

“Scale and efficiency are increasingly important factors in the wind power
segment and they have created a new scenario, which is more complex and which
requires internationally recognized partners such as GE,” says Luiz Freitas,
legal and purchasing director, Renova Energia. “This contract is the result of
the value generated by a joint Renova and GE team in the pursuit of the state
of the art in wind power technology in Bahia.”

The partnership between the two companies began in Brazil’s first exclusively
wind energy auction in December 2009. “Renova built the largest wind farm in
Brazil, and we are proud to take part in this project and to help boost wind
power generation in Bahia,” says Jean-Claude Robert, leader of GE’s Renewable
Energy business in Latin America. The farm, opened in July 2012, has 184 GE
wind turbines producing a total of 294 megawatts.

This year, GE celebrates a decade in wind energy and has 20,000 wind turbines
installed around the world. To date, 300 GE wind turbines have been installed
in Brazil. In the next two years another more than 600 units will be installed
in the country. This contract reinforces GE’s position of leadership in this
sector. The company’s wind turbines comply with the requirements regarding
Brazilian-made parts as set out by the National Economic and Social
Development Bank (BNDES) in order to get credit from the FINAME line.

About GE

GE (NYSE: GE) works on things that matter. The best people and the best
technologies taking on the toughest challenges. Finding solutions in energy,
health and home, transportation and finance. Building, powering, moving and
curing the world. Not just imagining. Doing. GE works. For more information,
visit the company’s website at www.ge.com.

About GE Power & Water

GE Power & Water provides customers with a broad array of power generation,
energy delivery and water process technologies to solve their challenges
locally. Power & Water works in all areas of the energy industry including
renewable resources such as wind and solar; biogas and alternative fuels; and
coal, oil, natural gas and nuclear energy. The business also develops advanced
technologies to help solve the world’s most complex challenges related to
water availability and quality. Numerous products are qualified under
ecomagination, GE’s commitment to providing innovative solutions that maximize
resources, drive efficiencies and help make the world work better. Power &
Water’s seven business units include Aeroderivative Gas Turbines; Gas Engines;
Nuclear Energy; Power Generation Services; Renewable Energy; Thermal Products
and Water & Process Technologies. Headquartered in Schenectady, N.Y., Power &
Water is GE’s largest industrial business.

Follow GE Power & Water and GE’s renewables business on Twitter @GE_PowerWater
and @GErenewables.

Contact:

GE Power & Water
Lindsay Theile, 1-518-385-3194
lindsay.theile@ge.com
or
Masto Public Relations
Ken Darling, 1-518-786-6488
kenneth.darling@ge.com
or
Beth Coffman, 1-518-786-6488
beth.coffman@mastopr.com
 
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