General Electric

German-based E.ON AG's (Xetra: EOAN) North American renewables division, E.ON Climate & Renewables NA, has ordered 188 wind turbines from GE for wind power developments in Illinois.

The Hawaii Public Utilities Commission said June 15 it had approved a 20-year contract for Maui Electric Company to purchase 21 megawatts (MW) of wind power from Sempra Generation’s Auwahi Wind project on the Ulupalakua Ranch in southeastern Maui. The approval also included a determination that Maui Electric could build an above-ground transmission connection to its main local grid line.

Mark Little, the global research director for General Electric Company (NYSE: GE), believes solar power could be cheaper than nuclear and fossil fuel power within the next three to five years.

Vestas Wind Systems A/S  (OTC: VWDRY.PK), one of the world’s wind turbine giants, announced Wednesday its 2010 North American sales hit a new record for the company -- 15 sales totalling 1,883 megawatts (MW) and 871 turbines.  

Other news: Shear Wind Inc. (CDNX: SWX.V), NextEra Energy Inc. (NYSE: NEE)

It has become a trend over the last year for companies and governments to set renewable energy goals and targets, but meeting those targets has been an entirely different scenario. In this sense, with its latest announcement, GE Energy Financial Services, a unit of General Electric Co. (NYSE: GE), seems to be ahead of the curve.

GE has announced that it has hit its multi-year target of US$6 billion in renewable energy investments by the end of 2010.

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