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GE Partners with Downer EDI Limited to Deliver $350M Boco Rock Wind Farm in Australia

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Press release date: June 27, 2013

67 Turbine Wind Farm for New South Wales Region
10-year, $50 Million Service Agreement in Place

AUSTRALIA — GE (NYSE: GE) today announced it had been awarded a contract with its consortium partner, Downer EDI Limited, to supply 67 turbines, build and maintain the $350 million Boco Rock wind farm in New South Wales, Australia. In addition to supplying and commissioning the wind turbine generators, GE will also provide $50 million worth of maintenance services over 10 years.

The wind farm will be located outside of Nimmitabel, in the New South Wales Snowy Mountains region, and is permitted for potential future expansion to 121 turbines. Energy generated by the 67 turbine wind farm would be equivalent to the required energy needs of approximately 40,000 homes in the region.

Continental Wind Partners (CWP), the developer of Boco Rock wind farm, has been working with GE since 2011 since the development phase. Thai-listed Electricity Generating Public Company Limited (EGCO) will take 100 percent ownership of the project from CWP. EGCO will retain CWP to manage the wind farm locally.

"After working in collaboration with GE and the local community on the development of Boco Rock, we're excited to see the project moving ahead," CWP Director, Alex Hewitt, said. "We're pleased to be able to assist EGCO with our knowledge and expertise of the local market."

GE will supply and commission 58 1.7MW and nine 1.6MW wind turbines. The 1.7-100 machine is the second brilliant wind turbine in GE's portfolio. GE's brilliant wind turbines harness the power of the Industrial Internet to analyze tens of thousands of data points every second, helping to manage wind's variability and drive higher output, compared to earlier models.

In addition to the brilliant features, GE's new 1.7-100 meter wind turbine advances its 1.6-100 wind turbine series by utilizing electrical system upgrades to allow higher energy productions, compared to earlier models.

"We are thrilled to bring our brilliant wind technology to the Boco Rock wind farm and to the people of New South Wales," said Anne McEntee, president & CEO of GE's renewable energy business. "GE's 1.7-100 turbine has the ability to capture additional energy by six percent and it is the world's most efficient wind turbine in its class."

GE has installed more than 23,000 wind turbines around the world and last year, in collaboration with CWP, GE completed Europe's largest wind farm, 600MW Fantanele, in Romania. In Australia, GE recently completed its first wind farm project, 55MW Mumbida, near Geraldton in Western Australia.

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. Power & Water's six business units include Distributed Power, 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.

Lindsay Theile
GE Power & Water
Phone: +518-385-3194
Email: lindsay.theile@ge.com




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