Tag Archives: general electric co.
U.S Promises $2B in Renewable Energy Loans to South Africa
Eyeing South Africa’s potential as a key export market, the US is coming up with $2 billion in financing for clean energy projects. The agreement signed this week between the US Export-Import (Ex-Im) Bank and Industrial Development Corp. (IDC) of South Africa is aimed at supporting solar, wind and other clean-energy projects that use U.S. [...]
GE Energy Splits Into 3 Units
General Electric announced that it’s splitting its energy division into three standalone businesses later this year. The move will greatly simplify communication with customers and investors and creates a more agile organizational structure that aligns more effectively with each industry sector. The three new businesses will report directly to GE Chairman and CEO Jeff Immelt. Currently, GE Energy Infrastructure employs 100,000 [...]