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TOTO COSTRUZIONI SELECTS GE WIND TURBINES TO POWER ITALY'S PUGLIA REGION

   

MILAN, ITALY - October 28, 2013 - GE (NYSE: GE) today announced that it will supply Toto Costruzioni S.p.A. with eight GE 2.85-103 wind turbines for a wind farm in the Puglia region of Italy. The wind farm operator is Renexia S.p.a., which is owned by Toto Holding and Banco Santander as minority stake holder, through the SPV named “Ponte Albanito Srl”.
The project marks the first time GE 2.85 megawatt (MW) wind turbines will be used in Italy, and will be the sixth wind farm in Puglia to use GE machines.


Renexia and Toto Costruzioni are entering the wind industry for the first time and chose GE technology for its inaugural wind farm. The project was awarded to Toto Costruzioni under the new Italian wind auction system for assignment of incentive tariff. The new wind farm will provide 22.8 MW of power to the grid, which would be equivalent to the required energy needs of approximately 16,000 homes in the region.


“For our first foray into wind energy we were mindful of picking a partner with whom we can create the synergy needed to succeed in this arena. GE’s 2.85-103 wind turbines were best suited for the site conditions in Ponte Albanito and were the most economic and efficient in the market,” said Michele Scoppio, chief operating officer, Renexia.


“The agreement with Toto Costruzioni signifies the debut of the 2.85 wind turbine in Italy. This wind turbine, with its 103-meter rotor, captures more energy with ultra-quiet power production,” said Cliff Harris, general manager for GE's European renewable energy business.  “In addition, often auctions tend to decrease incentives meaning it is even more important to have the most efficient wind turbines possible to bring more value to our customers.”


The wind farm will benefit from around-the-clock remote monitoring and diagnostics through GE’s global wind monitoring center in Salzbergen, Germany, which monitors wind turbines in Europe and Asia 24 hours per day, 365 days per year.


As a member of the European Union (EU), Italy is required to meet the EU 20/20 target of having 20 percent renewable energy generation by the year 2020. To achieve these goals, Italy will be installing 560 MW of new wind generation capacity per year through 2020.

     
 
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