December 11, 2013

GE Energy Financial Services Progresses in Solar with Completion of Investment in One of the World’s Largest PV Plants, in CA


GE unit (NYSE: GE) GE Energy Financial Services -- along with Citi, Union Bank, N.A. and Metropolitan Life Insurance Company -- has completed an equity investment in EDF Renewable Energy’s Catalina Solar plant, one of the world’s largest photovoltaic plants, located on 1,100 acres of sunny and windy Mojave Desert land southwest of the Tehachapi Mountains in Rosamond, California. This transaction contributes to GE Energy Financial Services’ one–gigawatt, $1.5 billion solar investment commitments, comprising over 50 installations.