GE to double its investments in renewable energy to $6bn by 2010
The market for renewable energy is worth an estimated $60bn a year and is expected to expand rapidly as governments and utilities strive to reduce their dependence on fossil fuels and turn to cleaner energy.
Alex Urquhart, chief executive of GE's energy financial services unit, which has total assets of more than $16bn, told the Financial Times that renewable energy was the division's fastestgrowing business.
"We are really attracted by the size and potential of this market," Mr Urquhart said. "This sector is proving to offer a lot more opportunities than we first thought."
Sunday, January 13, 2008
Financial Times: GE to double its investments in renewable energy to $6bn by 2010.
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