GE Energy Finance Unit May Expand B.C. Wind Farm (Update1) - BusinessWeek
Feb. 14 (Bloomberg) -- General Electric Co.’s energy finance unit said it may double the capacity of a wind farm in British Columbia, increasing its bet on renewable-power in Canada’s westernmost province.
GE and Vancouver-based Plutonic Power Corp. last year bought the unfinished, 144-megawatt Dokie Ridge Wind Project, the first equity investment in wind energy in Canada for both companies.
“British Columbia has tremendous natural resources that are ideal for large-scale renewable energy projects,” Alex Urquhart, who runs the energy financial services unit, a division of Fairfield, Connecticut-based General Electric’s GE Capital division, said in a statement today.
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Does anyone in Alaska have an idea of what the energy potential of Alaska's land mass is? The Northwest (BC) transmission line estimated to be completed in 2012 puts Alaska's high wind potential much closer to the North American marketplace. The wind doesn't end in BC and Yukon.
ReplyDeleteDo we want GE Capital to invest in our economically depressed region? Does wind cost more? Yes, does wind require more maintenance and subsequently more employment? Yes to both.
So what is Alaska doing to attempt to capture this market opportunity?
The Northwest (BC) Transmission Line needs capacity for Alaska to fully participate. Let's hope our federal delegation has their eye on the ball on this one.
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