GE's Advanced Wind Turbine Technology Selected for New Projects in Romania


GE Expands Its Wind Business Activities in Romania as the Government Continues to Build a Supportive Environment for Wind Power Development

BUCHAREST, ROMANIA-Supporting Romania's drive to increase its supply of clean, renewable energy, GE (NYSE: GE) is teaming with wind farm developer Monsson Alma for two projects that will add 35 megawatts of wind capacity to the country's power grid.

GE will provide 10 2.5-megawatt wind turbines and 10 years of maintenance for the Silistea 1 project, which will be owned by SC Romconstruct Top SRL and four 2.5--megawatt machines and five years of maintenance for the Mireasa 2 project, owned by SC Eco Power Wind SRL.

Developing wind farms is a cornerstone of Romania's effort to reach its renewable energy commitment to the European Union. The target is to have 24 percent of its energy produced from renewable resources by 2020. Romania recently enhanced its renewable energy legislation, extending green certificates issued for renewables projects from 2015 to 2017 and increasing other financial incentives for wind energy developers.

"Through its progressive legislation, the government is creating one of Europe's friendliest environments for renewable energy developers and is encouraging future investments in the wind sector," said Andrei Muntmark, commercial director of Monsson Invest Group. "We are pleased to be partnering with GE again."

Both projects are about 20 kilometers from the Fantanele Wind Farm, which also is based on GE 2.5-megawatt wind turbine technology and when completed, will be the largest onshore wind farm in Europe. Monsson Alma was the original developer of the Fantanele project, which has been acquired by CEZ Romania, a leading regional utility.

"We applaud the Romanian government's focus on building a supportive environment for renewable energy development," said Ricardo Cordoba, president of GE Energy Western Europe and North Africa. "Wind power will increase Romania's energy security and independence. It will also help expand and modernize the country's energy infrastructure leading to less pollution, new opportunities for green jobs and investment."

The 2.5-megawatt turbine is designed to yield the highest annual production in its class and builds on the success of GE's 1.5-megawatt wind turbine, the world's most widely deployed wind turbine with more than 14,500 units now installed.

About GE

GE (NYSE: GE) is a diversified infrastructure, finance and media company taking on the world's toughest challenges. From aircraft engines and power generation to financial services, health care solutions and television programming, GE operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit the company's website at www.ge.com.

GE serves the energy sector by developing and deploying technology that helps make efficient use of natural resources. With nearly 85,000 global employees and 2009 revenues of $40 billion, GE Energy www.ge.com/energy is one of the world's leading suppliers of power generation and energy delivery technologies. The businesses that comprise GE Energy GE Power & Water, GE Energy Services and GE Oil & Gas work together to provide integrated product and service solutions in all areas of the energy industry including coal, oil, natural gas and nuclear energy; renewable resources such as water, wind, solar and biogas; and other alternative fuels.

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