GE Expands Global Wind Presence in Poland with Lewandpol Company

  • GE 2.5-103 Wind Turbines will Generate Power in Southern Poland to Assist with Polish Renewable Energy Goals
  • Galicja Wind Farm, planned to reach 120 MW, will be One of the Largest Wind Farms in Poland

WARSAW, Poland— December 18, 2014 — GE (NYSE: GE) today announced that it will supply Lewandpol Company with 27 GE 2.5-103 megawatt (MW) wind turbines for the Galicja Wind Farm in Poland. Ten of the wind turbines are currently under construction, with another 17 planned to begin construction in 2015. Once operational, the 120 MW Galicja Wind Farm will generate the equivalent energy needed to power approximately 52,000 Polish homes for a year*.

Galicja is GE’s first wind farm in the southern Polish region of Podkarpackie and will be one of the country’s largest wind farms.

“GE’s wind turbines are well suited to our sites. Foundation works started beginning of December and we are pleased to be working closely with GE as construction at the site progresses,” said Andrzej Lewandowski of Lewandpol Company.

Crido Legal operated with the Lewandpol Company as the legal and financial advisor for the transaction.  “We are very excited that we provided our extensive knowledge and experience in the purchasing phases and make such a relevant investment possible,” said Filip Grzesiak, senior associate, Crido Legal, the legal firm advising Lewandpol Company.

“We are delighted that Lewandpol Company has chosen GE wind turbine technology,” said Cliff Harris, general manager for Europe, Middle East and Africa for GE’s renewable energy business. “This agreement highlights our commitment to Poland’s wind energy development.”

In 2013, Poland installed 894 MW of new wind capacity, ranking the country eighth highest in the world in terms of annual wind capacity growth, according to the GWEC’s Global wind report. At the end of 2013, Poland’s total installed capacity was 3.4 gigawatts (GW), nearly half of the of the 6.5 GW wind target by 2020, as defined in its National Renewable Energy Action Plan. Under its current energy policy, the Polish government forecasts additional wind growth reaching up to 13 GW by 2030 and 21 GW by 2050.

“GE is excited to help our customers in Poland work toward its goals for renewable energy growth in the country,” said Beata Stelmach, GE chief executive for Poland and the Baltics. “With an increasing electricity demand at 0.9 percent per year and aging power infrastructure, Poland needs to invest in modern, low- emission energy sources, and has huge potential for wind energy.”

GE will ship the turbines from its manufacturing facility in Salzbergen, Germany, and the wind farm is expected to begin commercial operation by the end of 2015.

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

*based on household consumption of 2,300 kWh a year.

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About GE Power & Water

GE Power & Water provides customers with a broad array of power generation, energy delivery and water process technologies to solve their challenges locally. Power & Water works in all areas of the energy industry including renewable resources such as wind and solar; biogas and alternative fuels; and coal, oil, natural gas and nuclear energy. The business also develops advanced technologies to help solve the world’s most complex challenges related to water availability and quality. Power & Water’s six business units include Distributed Power, Nuclear Energy, Power Generation Products, Power Generation Services, Renewable Energy and Water & Process Technologies. Headquartered in Schenectady, N.Y., Power & Water is GE’s largest industrial business.

About GE in Poland

Since launching its operations in Poland in 1992, GE has steadily grown into one of the country’s largest private companies, with more than 10,000 employees across a variety of businesses including healthcare, aviation and power controls. In Warsaw, 1,700 engineers staff our Engineering Design Center, which helps GE businesses in and outside Poland, such as GE Aviation, Energy and Oil & Gas. GE is also developing an IT hub for GE Healthcare in Krakow, which will employ close to 200 professionals.