On March 29, 2011, GE Energy announced plans to acquire a 90% stake in Converteam for $3.2 billion. Project Summary: GE Energy Financial Services wanted to have an open season bidding process that would be subject to approval by the Federal Energy Regulatory Commission (FERC) in order to use market rates and to raise sufficient funding to install new variable frequency transformer (VFT) technology, which would increase electricity transmission capacity from New Jersey to New York City. David Nason is president and CEO of GE Energy Financial Services, where he leads GE's energy investments worldwide. GE Energy Financial Services has 35+ years of experience managing energy assets through multiple economic cycles, and a global portfolio that spans conventional and renewable power, and oil and gas infrastructure projects. GE Energy Financial Services has been selling down its portfolio under a plan to reduce those holdings to about $5 billion by the end of 2019 from $10 billion in 2017. GE Energy Financial Services, Inc. operates as an investment company. General Electric might be under new management, but its quest to get smaller continues. GE Energy Financial Services provides financial solutions to meet the world’s capital-intensive energy needs. About. Susan joined GE Energy Financial Services in 2005 and was responsible for managing $2.5 billion of assets in the Portfolio group. AMARILLO, TX - WASHINGTON, DC , Sep 27, 2016 - Falvez Energy has closed the financing of the Falvez Astra Wind Project in Texas, its first utility scale wind project. GE Energy Financial Services has been selling down its portfolio under a plan to reduce those holdings to about $5 billion by the end of 2019 from $10 billion in 2017. GE (NYSE: GE) unit, GE Energy Financial Services, provided the construction financing, which will enable the construction of the 163-megawatt wind farm. The portfolio includes about 20 investments in renewable energy and other U.S. power assets held by the energy financial services unit of GE Capital, the companies said Monday in a GE Energy Financial Services hits $6 billion renewable energy investing target. GE Energy was a division of General Electric and was headquartered in Atlanta, Georgia, United States. Southeast owns a 3.2 GW portfolio of six generation assets in Georgia. We support customers and projects utilizing GE equipment and services with a wide range of investing and structuring solutions from development, construction and operations. Gerald Friel Managing Director, Head of Global Portfolio at GE Energy Financial Services Greater New York City Area Financial Services GE Energy Financial Services announced that it had reached its multi-year target of building a $6 billion portfolio of renewable energy investments by the end of 2010. GE Capital is the financial services division of GE, focused on serving customers and markets aligned with GE’s industrial businesses. We support GE's renewable energy customers and projects across the world and are a leading tax equity investor in the U.S. With experience investing more than $15 billion since 2004, we offer financial solutions across onshore, offshore and re-powering. She also served the business as a lead underwriter in its Power and Renewable Energy group. The Company provides investment services for power, oil and gas infrastructure. Project Summary: GE Energy Financial Services wanted to have an open season bidding process that would be subject to approval by the Federal Energy Regulatory Commission (FERC) in order to use market rates and to raise sufficient funding to install new variable frequency transformer (VFT) technology, which would increase electricity transmission capacity from New Jersey to New York City. GE Capital, the financial services arm of the Boston-based conglomerate, has agreed to sell roughly $1 billion worth of energy-sector investments to … The portfolio includes about 20 investments in renewable energy and other U.S. power assets held by the energy financial services unit of GE Capital, the companies said Monday in a In 2008, a company-wide reorganization prompted by financial losses led to the unit's formation from companies within GE Infrastructure division. Orrick represented GE Energy Financial Services (GE EFS) in a sale of its 24.95% share in Southeast PowerGen Holdings (Southeast) to co-investor The Carlyle Group (Carlyle). Global infrastructure investment professional with deep domain expertise in Energy and Power sector across Asia-Pacific.