January 02, 2013 at 16:20 PM EST
GE Expands Europe Portfolio With French Wind Farms
The energy investment unit of General Electric (GE) joined an international consortium to buy 32 wind farms in France for about $461.8 million. GE Energy Financial Services will own 40% of the portfolio, which have a combined capacity of about 321.4 megawatts. MEAG, the asset management arm of German reinsurance firm Munich Re, will also take 40%. Energies Nouvelles, a subsidiary of the French utility EDF Group, will own 20%. The seller, Spanish
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