General Electric Company
) recently announced the introduction of the 2.85-103 wind
turbines for resource-constrained areas in Japan. These wind
turbines can generate high power output with a power capacity of
2.85-megawatt and 103-meter diameter rotors.
General Electric's 2.85-103 wind turbines have been
specifically developed to suit the Japanese weather conditions
and are capable of surviving in extreme environmental turbulence.
The wind turbines can also resist typhoon-class wind speeds and
lightnings, which are typical features of Japan.
A wind farm containing 100 such wind turbines can reportedly
power about 200,000 average homes in Japan. The new turbines are
ready for immediate implementation as they meet all requirements
and safety standards under Japan Electric Utility Industry Law
and construction and building codes.
Over a 15-year period from 2005 to 2020, Japan intends to
reduce its greenhouse gas emissions by 3.8%. According to
Bloomberg New Energy Finance, 9.3% of all electricity generation
in Japan was provided by the renewable energy sector in the year
ending Mar 2013. Japan is perfectly placed for investments in
renewable energy, including wind power as it is in the process in
diversifying its energy supplies as a result of the Fukushima
nuclear disaster in 2011.
General Electric currently holds a Zacks Rank #4 (Sell). Other
stocks that look promising and are worth a look now are
Hutchison Whampoa Ltd.
), each carrying a Zacks Rank #2 (Buy).
GENL ELECTRIC (GE): Free Stock Analysis
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