GE buys German wind farm

In its fourth German wind investment this year, GE Energy Financial Services announced recently that it is acquiring a 12-megawatt wind farm in Germany from Germania Windpark. Financial details were not disclosed.

The Krusemark wind farm in Sachsen-Anhalt, near Berlin, consists of eight GE 1.5 megawatt turbines. Germania, the project developer, will operate and maintain the facility, which was built this spring and supplies power to the regional grid.

GE says the Krusemark wind farm annually produces power for about 10,000 homes and saves approximately 35,000 tons a year in greenhouse gas emissions, compared with equivalent fossil fuel generation.

The transaction is the fourth wind energy investment and seventh wind farm that Energy Financial Services acquired in Germany this year, bringing the total capacity of its holdings there to 166 megawatts.