US: GE Has Wind At Its Back Due To Alternative-Energy Demand
Tuesday August 8th, 2006 / 17h43
By Frank Byrt Of DOW JONES NEWSWIRES General Electric Co. (GE) is finding big profits just blowing in the wind.
With oil now in the area of $77 a barrel and electric power demands setting new records in the Northeast, more power companies are eager to add wind-generated electricity as an energy source. However, they are likely to find it may be years before they'll be able to get a system in place.
...
GE has forecast roughly 20% growth in wind turbine shipments, resulting in 30% growth in revenue in 2007, along with a $200 million improvement in operating profit.
http://www.easybourse.com/Website/dynamic/News.php?NewsID=38605&lang=fra&NewsRubrique=2
By Frank Byrt Of DOW JONES NEWSWIRES General Electric Co. (GE) is finding big profits just blowing in the wind.
With oil now in the area of $77 a barrel and electric power demands setting new records in the Northeast, more power companies are eager to add wind-generated electricity as an energy source. However, they are likely to find it may be years before they'll be able to get a system in place.
...
GE has forecast roughly 20% growth in wind turbine shipments, resulting in 30% growth in revenue in 2007, along with a $200 million improvement in operating profit.
http://www.easybourse.com/Website/dynamic/News.php?NewsID=38605&lang=fra&NewsRubrique=2
posted by 0range at 9.8.06
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