GE Renewable Energy Selected by Lincoln Clean Energy and I Squared Capital for 250 MW Texas Wind Project, $330 Million in Project Financing Closed

From GE:

April 4, 2017

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• Project features 100 of GE’s 2.5-116 model wind turbines
• Wind farm will be supported by a 20-year extended full service agreement
• Expected to generate approximately 1,000,000 megawatt-hours of renewable energy per year, or enough to power the equivalent of 90,000 U.S. homes.

Schenectady and New York, NY – April 3, 2017 – Lincoln Clean Energy (LCE), a portfolio company of I Squared Capital, announced today the financing of its Willow Springs project, a 250 megawatt wind farm in Haskell County, Texas. GE Renewable Energy (NYSE: GE) will supply the project with 100 of its 2.5-116 wind turbines. Upon entering commercial operations, the wind farm will be supported by a 20-year, extended full service agreement performed by GE.

The $330 million project will receive construction and term financing from Bank of America Merrill Lynch (BAML) and Rabobank as well as long-term tax equity from BAML and BHE Renewables, LLC. Power from the project is contracted under an agreement with Merrill Lynch Commodities.

Lincoln Clean Energy is also currently constructing the 253 megawatt Amazon Wind Farm Texas.

Pete McCabe, President and CEO of GE’s Onshore Wind business said, “GE is excited to build on our relationships with Lincoln Clean Energy and I Squared Capital. Once Willow Springs is complete, GE will have commissioned 1,363 megawatts of wind capacity across six wind farms developed by LCE over four years. We look forward to extending our relationship with LCE and I Squared Capital in the future.”

Declan Flanagan, Founder and CEO of Lincoln Clean Energy commented, “We are delighted to build on our successful relationship with GE and are well-positioned to execute on our pipeline of more than 1,000 megawatts of advanced-stage development projects across Texas and the Midwest.”

“I Squared Capital is proud to be at the forefront of the transition to renewable energy in the United States,” commented Adil Rahmathulla, Partner at I Squared Capital. “Part of that requires using proven and reliable technology to maximize generation at our facilities. When fully operational, the new wind farm is expected to generate approximately 1,000,000 megawatt-hours of renewable energy per year, or enough to power the equivalent of 90,000 U.S. homes.”

GE’s 2X platform is compatible with GE’s Digital Wind Farm technology, powered by GE’s Predix software. With varying generator ratings, megawatts and various rotor diameter options, the 2X platform is well-suited for a variety of U.S. wind conditions.

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About GE Renewable Energy
GE Renewable Energy is a 10 billion dollar start-up that brings together one of the broadest product and service portfolios of the renewable energy industry. Combining onshore and offshore wind, hydro and innovative technologies such as concentrated solar power, GE Renewable Energy has installed more than 400+ gigawatts capacity globally to make the world work better and cleaner. With more than 12,000 employees present in more than 55 countries, GE Renewable Energy is backed by the resources of the world’s first digital industrial company. Our goal is to demonstrate to the rest of the world that nobody should ever have to choose between affordable, reliable, and sustainable energy.

Follow us @GERenewables and www.gerenewableenergy.com.

About Lincoln Clean Energy
Lincoln Clean Energy (LCE) is a leading developer of U.S. wind and solar projects with offices in Chicago, IL and Austin, TX. Since 2011, LCE has developed over 1,500 megawatts of renewable power projects in California, New Jersey, and Texas. LCE is a portfolio company of I Squared Capital and expects to deploy up to $250 million in equity investments through 2018. www.lincoln-clean-energy.com

About I Squared Capital
I Squared Capital is an independent global infrastructure investment manager focusing on energy, utilities, and transport in the Americas, Europe, and select high growth economies. The firm has offices in New York, Houston, London, New Delhi, Hong Kong, and Singapore.

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GE provides Energy Monitoring System for smart energy operation at the Olympic Winter Games PyeongChang 2018

From GE:

April 3, 2017

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• To be installed at the Main Operations Center of the Organizing Committee for the Olympic Winter Games PyeongChang 2018 (POCOG)
• Expected to enhance stability and reliability of power supply at 14 Olympic Games venues through real-time energy monitoring system
• Data to help establish economic energy operational plans for the Olympic Games Tokyo 2020 and the Olympic Winter Games Beijing 2022

Seoul, March 23, 2017 – GE, a Worldwide Partner of the Olympic Games, announced today that it will provide the Olympic Winter Games PyeongChang 2018 with an Energy Monitoring System (EMS) for the first time in the 122 years history of the Olympic Games.

GE Digital, the provider of the world’s first Industrial Internet platform Predix, will build a system based on its CIMPLICITY HMI/SCADA and Historian data collection solutions to monitor and analyze the power supply and consumption of 14 venues on a real-time basis. GE is expected to support the first ‘Smart Energy’ Olympic Games by providing a solution to monitor more reliable energy and efficient operation of the Games.

The EMS offers real-time visibility of energy management and enables prompt diagnosis for quick problem solving in the case of power failures that may occur anywhere between the Olympic Games Stadiums and live-broadcasting, where reliable energy is crucial. The Main Operations Center of POCOG is expected to enhance its capability as a control tower utilizing the EMS with eyes on energy operation every second. As the operators  remotely monitor energy from the Main Operations Center, the response speed to the power failures is expected to be significantly enhanced.

Additionally, the system will record energy data generated as well as Uninterruptible Power Supplies (UPS) connected to the Olympic Games Stadiums. The GE Digital system which measures power consumption throughout the Olympic Games, starting from this Olympic Winter Games PyeongChang 2018 for the first time, will collect precise power consumptions of each stadium and provide integrated analysis. The relevant data is being discussed as a “digital legacy” for the Olympic Games Tokyo 2020 and the Olympic Winter Games Beijing 2022 in order to save cost by making more efficient facility investment.

Willy Cho, Commercial Vice President of GE Digital Korea, said: “The EMS will bring about great convenience in the energy operation at the Olympic Winter Games in PyeongChang, given that utilizing data will help set up more economical power plans for the next Olympic Games. This Olympic Winter Games PyeongChang 2018 will be a global best practice that demonstrates strategic energy operation management of a sporting event.”

GE Digital plans to complete the installation of the EMS by October. It will be commissioned from November to the end of the year during the test events, and fully operate in February 2018.  GE Digital will assist in a full range of scope from designing data collection procedures and management interface to on-site staff support.

About GE Digital

GE Digital connects streams of machine data to powerful analytics, providing Industrial companies with valuable insights to manage assets and operations more efficiently. World-class talent and software capabilities driving big gains in productivity, availability and longevity. For more information, visit the website at www.ge.com/digital

Boeing Energy Conservation Program Lauded by EPA

From #Boeing:

CHICAGO, April 7, 2017 /PRNewswire/ -- Boeing [NYSE: BA] will be recognized by the U.S. Environmental Protection Agency (EPA) with a 2017 ENERGY STAR Partner of the Year – Sustained Excellence Award for the company's continued leadership in protecting the environment through superior energy efficiency. Boeing will receive the award April 26 in Washington, D.C. This is the seventh consecutive year Boeing has been recognized by ENERGY STAR.

"We know that strong environmental performance is good for the planet and key to long-term business success. We are excited to build on the progress we have made and to further improve the efficiency of our products and our operations," said Ursula English, Boeing vice president of Environment, Health & Safety. "In our second century, we're aiming to be the most environmentally progressive company in the aerospace industry and to be a leader among our industrial peers."

Beverly Wyse, president of Boeing Shared Services Group, will accept the ENERGY STAR award on behalf of Boeing.

"We're thankful to the EPA for this recognition, but the greater thanks truly belongs to our Boeing employees who bring a strong commitment to environmental leadership to work with them every day," said Wyse. "It is their inspiration and innovation that allows us to keep incorporating new efficiencies and energy conservation technologies into our processes and operations."

During 2016, Boeing improved energy efficiency, invested in key energy infrastructure and continued public outreach with its conservation message. Boeing's key 2016 accomplishments in the U.S. include:

• Improving energy efficiency by 4.1 percent, a cumulative improvement of over 40 percent since 2009, all while reducing absolute energy consumption in 2016 by 2 percent and still delivering commercial aircraft at near-record levels.
• Absolute energy reduction of 863,000 MMBtu — equivalent to the annual energy use for 23,000 average U. S. homes.
• Replacing over 6,000 inefficient lighting fixtures with more energy-saving LEDs and making direct energy conservation investments of $6.7 million to reduce energy use by over 77,000 MMBtu annually.
• Expanding the company's environmental "Build a Better Planet" website to enhance employee engagement and share conservation messages and best practices in key forums and conferences.
• Expanding the Everett, Wash., site by 1.5 million square feet to include a new composite wing center built to LEED Silver specifications. Everett is home to the largest contiguous building by volume in the world.
• Reducing greenhouse gas emissions by 8 percent or 228,000 metric tons and water intake by 6 percent or 517 million gallons since 2012.

The 2017 Partner of the Year – Sustained Excellence Awards are given to a variety of organizations that have demonstrated continued leadership in energy efficiency. Winners comprise a spectrum from small, family-owned businesses to Fortune 500 organizations — representing energy-efficient products, services, new homes, and buildings in the commercial, industrial, and public sectors.

For a complete list of 2017 winners and more information about ENERGY STAR's awards program, visit www.energystar.gov/awardwinners.

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Merck Receives 2017 ENERGY STAR Sustained Excellence Award from U. S. Environmental Protection Agency

Company Receives EPA Honor for 12th Consecutive Year

Thursday, April 6, 2017 10:00 am EDT

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KENILWORTH, N.J.--(BUSINESS WIRE)--Merck (NYSE:MRK), known as MSD outside the United States and Canada, announced today that it has received an ENERGY STAR 2017 Partner of the Year – Sustained Excellence Award from the U.S. Environmental Protection Agency (EPA) for its continued improvement of energy performance and leadership in energy management in both the pharmaceutical and industrial sectors.

Merck has been an ENERGY STAR partner since 1995 and recognized by the EPA for 12 consecutive years, two times as Partner of the Year and now a 10th time for Sustained Excellence.

“Merck is proud of the continued efforts and commitment of our employees who have helped the company achieve this honor 12 years in a row,” said Don Watson, vice president, global workplace & enterprise services, Merck. “Even with the success of achieving our energy goals, we continue to look for opportunities to be an industry leader with our sustainability programs.”

The award recognizes one Merck manufacturing site that has achieved ENERGY STAR rankings in the top 25 percent of pharmaceutical plant energy performance nationwide: Las Piedras, Puerto Rico.

Also achieving certification this year were office buildings in Cokesbury, Whitehouse Station and Branchburg, N.J., as well as an office building in Upper Gwynedd, Pa.

For more information about Merck's ongoing environmental and energy conservation efforts, please visit www.merckresponsibility.com.

About ENERGY STAR

ENERGY STAR is the simple choice for energy efficiency. For more than 20 years, people across America have looked to EPA’s ENERGY STAR program for guidance on how to save energy, save money, and protect the environment. Behind each blue label is a product, building, or home that is independently certified to use less energy and cause fewer of the emissions that contribute to climate change. Today, ENERGY STAR is the most widely recognized symbol for energy efficiency in the world, helping families and businesses save $362 billion on utility bills, while reducing greenhouse gas emissions by more than 2.4 billion metric tons since 1992. Join the millions who are already making a difference at energystar.gov.

About Merck

For over a century, Merck has been a global health care leader working to help the world be well. Merck is known as MSD outside the United States and Canada. Through our prescription medicines, vaccines, biologic therapies, and animal health products, we work with customers and operate in more than 140 countries to deliver innovative health solutions. We also demonstrate our commitment to increasing access to health care through far-reaching policies, programs and partnerships. For more information, visit www.merck.com and connect with us on Twitter, Facebook, YouTube and LinkedIn.

Forward-Looking Statement of Merck & Co., Inc., Kenilworth, N.J., USA

This news release of Merck & Co., Inc., Kenilworth, N.J., USA (the “company”) includes “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based upon the current beliefs and expectations of the company’s management and are subject to significant risks and uncertainties. If underlying assumptions prove inaccurate or risks or uncertainties materialize, actual results may differ materially from those set forth in the forward-looking statements.

Risks and uncertainties include but are not limited to, general industry conditions and competition; general economic factors, including interest rate and currency exchange rate fluctuations; the impact of pharmaceutical industry regulation and health care legislation in the United States and internationally; global trends toward health care cost containment; technological advances, new products and patents attained by competitors; challenges inherent in new product development, including obtaining regulatory approval; the company’s ability to accurately predict future market conditions; manufacturing difficulties or delays; financial instability of international economies and sovereign risk; dependence on the effectiveness of the company’s patents and other protections for innovative products; and the exposure to litigation, including patent litigation, and/or regulatory actions.

The company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Additional factors that could cause results to differ materially from those described in the forward-looking statements can be found in the company’s 2016 Annual Report on Form 10-K and the company’s other filings with the Securities and Exchange Commission (SEC) available at the SEC’s Internet site (www.sec.gov).

From GE:

GE Renewable Energy to supply 3 Haliade* Offshore Wind turbines in China

March 27, 2017

  inShare55 

 

• Contract includes the installation of 3 Haliade* 150-6 MW wind turbines, technical support, commissioning and a 2 year Operation & Maintenance service

Paris, March 27th 2017 – GE Renewable Energy was selected by Chinese Fuqing Haixia Electricity Generation Company (a joint venture between China Three Gorges and Fujian Energy) to deliver three HaliadeTM 150-6MW offshore wind turbines to the Fujian Xinghua Gulf demo project. The contract includes technical support and a two year operation and maintenance service.

GE Renewable Energy is one of the several wind turbine suppliers to participate in the 73MW windfarm project, capable to provide enough power to satisfy the needs of more than 20,000 households in the region.

John Lavelle, President & CEO of GE’s Offshore Wind Business, “Our state-of-the-art Haliade 150-6MW wind turbine has proven to be a very flexible product that can be customized to the local needs. When finished, GE will be the only supplier in the world to have installed offshore wind turbines in the Americas, Europe and Asia, and we are looking forward to continue a successful offshore journey in China and Asia.”

The three nacelles and generators will be manufactured at GE’s Offshore Wind facility in Saint-Nazaire (France), whereas towers and blades will be manufactured locally in China (Chengxi) and Denmark respectively.

Installation is expected to take place during the last quarter of 2017, and once finished, GE will provide a two year operation and maintenance service along with technical support.

The Fujian Xinghua Gulf demo project is a stepping stone in China’s offshore ambitions. Chinese authorities have announced additional investments in renewable energy sector, which will put the nation as the leading clean energy player in the world.

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About GE Renewable Energy
GE Renewable Energy is a 10 billion dollar start-up that brings together one of the broadest product and service portfolios of the renewable energy industry. Combining onshore and offshore wind, hydro and innovative technologies such as concentrated solar power, GE Renewable Energy has installed more than 400+ gigawatts capacity globally to make the world work better and cleaner. With 13,000 employees present in more than 55 countries, GE Renewable Energy is backed by the resources of the world’s first digital industrial company. Our goal is to demonstrate to the rest of the world that nobody should ever have to choose between affordable, reliable, and sustainable energy.

Follow us @GERenewables and www.gerenewableenergy.com.