The new colour of money
Environmentalists at the gates
Caring, not sharing
GE, through its GE Energy Financial Services (EFS) division, is in a unique position to benefit from the new climate in alternatives investment. Renewables is the fastest-growing segment of its energy investments. Of a total $14 billion invested in energy, to date $2 billion is in alternatives. Kevin Walsh, head of EFS’s renewable energy investing team, says that number will at least double by 2010.
In project finance, EFS has invested sizeable capital, typically over $100 million at a time in wind, hydro and geothermal projects.
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