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World's Largest Solar Photovoltaic Power Plant to Be Built with GE Investment and PowerLight Technology
About GE Energy Financial Services
GE Energy Financial Services, based in Stamford, Connecticut USA, with European operations based in London, invested $3 billion during 2005 in the world's most capital- intensive industry, energy. With more than $11 billion in assets, GE Energy Financial Services offers structured equity, leveraged leasing, partnerships, project finance and broad-based commercial finance to the global energy industry from wellhead to wall socket. Energy Financial Services has developed a strong record investing in solar, biomass, hydro, wind and geothermal power, and is growing its portfolio of nearly $1 billion in renewable energy assets. For more information, visit www.geenergyfinancialservices.com.
GE (NYSE: GE) is Imagination at Work -- a diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com.
About PowerLight
PowerLight Corporation is a leading global provider of grid-connected solar electric power systems. PowerLight's turn-key solutions for commercial, government and residential customers feature a full line of proprietary solar products and technologies designed to optimize energy output and project economics. Recognized by Inc. Magazine for five consecutive years as one of the 500 fastest growing privately held companies, PowerLight designs, builds and operates many of the largest solar electric systems in North America and Europe. For more information about PowerLight and its products and services, please visit www.powerlight.com.
About Catavento
Catavento, Producao de Energia Eolica Lda. is one of the few private and independent Portuguese renewable energy companies. Since 2001, it has developed 110 MW in Portugal and 225 MW in Brazil. It owns and operates 9.2 MW of wind energy through partnerships and this year will build an additional 40 MW of wind projects. It is expanding in other EU countries. For more information, visit www.catavento.pt
Editors: Caption for photo accompanying this press release: GE Energy Financial Services, PowerLight Corporation and Catavento Lda will build the world's largest solar photovoltaic power project, similar to the one pictured here in Bavaria, Germany. MULTIMEDIA AVAILABLE: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=5133965
