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GE, JP Morgan Invest $225 Million in NextEra Wind Farm in Texas

General Electric Co. and JP Morgan Chase & Co. jointly purchased a minority stake in the Capricorn Ridge wind farm in Texas for $225 million from NextEra Energy Inc.

GE, whose equipment generates more than a quarter of the world’s power, has invested in 2,143 megawatts of wind farms in Texas, about 20 percent of the state’s total installed wind capacity, the Fairfield, Connecticut-based company said today in a statement.

The 662.5-megawatt Capricorn Ridge wind farm, which began operating in 2007, uses turbines produced by both GE and Siemens AG and can produce enough power for about 220,000 homes.

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