(By Balachander) General Electric Co. (NYSE:GE : 20.665, 0.005) projects installations of wind turbines in Brazil to double over next two years.
The industrial conglomerate said it has installed 300 wind turbines in Brazil, with 600 more units to be installed in the next two years.
The company announced its 1.85-82.5 turbine, which is based on GE's proven 1.5-megawatt (MW) platform. Part of GE's $2 billion investment in renewable energy, GE's 1.85-82.5 is designed to meet or exceed the historic 98.5 percent availability of the 1.5-MW platform and help improve project economics in higher wind regime sites by requiring fewer turbines per wind farm, the company said.
GE, which opened its wind energy office in Sao Paulo in 2009, also plans to open two local service centers by 2014, representing a $1.5 million investment in Brazil.
The Global Wind Energy Council (GWEC) reports that the Brazilian wind sector installed 583 MW in 2011, bringing the country's installed capacity up to more than 1,500 MW, an increase of 63 percent.
The council has identified Brazil as one of the world's most promising onshore markets for wind energy for at least the next five years.
Multi years high ist ja nun auch schon mal etwas ! Bis zum Allzeithoch ist ja noch ne Menge Platz Allen Investierten ein schönes WE
GE Sticks With $0.17 Dividend, For Now
General Electric Company (NYSE: GE) has announced that the company's board of directors has declared a $0.17 per share quarterly dividend on its outstanding common stock. Our take is that this will likely be the last dividend at $0.17 as we expect a dividend hike from GE before the end of this year.
The payable date is on October 25, 2012 for those shareholders who are listed as of the record date of September 24, 2012. The ex-dividend date will be September 20, 2012.
GE was one of the featured stocks in the 12 Stocks Expected To Hike Their Dividends Before the End of 2012. As a reminder, GE is now once again receiving dividends internally from its finance operations.
Today's news may seem as though it is not that important because this $0.17 rate has been the same dividend payout for three consecutive quarters and that is prior to today's dividend declaration. We have maintained that General Electric will increase its dividend before the end of 2012 and if that is to occur it will now likely come in an announcement in early December. GE hiked its dividend three times since it slashed the old $0.31 payout down to $0.10 during the recession when liquidity was drying up.
GE's current dividend yield based on a $21.48 share price is 3.16%.
JON C. OGG
Filed under: 24/7 Wall St. Wire, Dividend Tagged: GE
GE Oil & Gas (NYSE: GE) and Brazilian energy company Petrobras have signed the world's largest subsea wellhead production contract, worth nearly US$1.1 billion (R$2.2 billion). This includes the delivery of approximately 380 subsea wellhead systems and installation tools needed in oil well exploration, and more than 75 percent of the parts will be made in Brazil.
GE announced the award of the contract at the 2012 Rio Oil & Gas being held September 17-20 in Rio de Janeiro.
"This new agreement between two of the world's largest companies shows our commitment to collaborate in the development of the oil and gas sector in Brazil," said João Geraldo Ferreira, president and CEO of GE Oil & Gas for Latin America. "In recent years our investments and efforts have been focused on preparing our company to support market growth and to be ready for contracts of this size, developing the entire supply chain. We want to grow with the country."
"The new contract builds on our existing relationship with Petrobras and follows previous successful projects," said Rod Christie, vice president of GE Oil & Gas Subsea Systems. In 2009, GE Oil & Gas and Petrobras signed what was then the biggest wellhead contract in history to date (in terms of number of wellheads), worth US$250 million.
"Through the acquisition of VetcoGray in 2007 and Wellstream in 2011 and ongoing investments in technology, GE has become an established player in the offshore industry," said Christie. "With more than 5,000 subsea employees operating in more than 50 countries we are supporting some of the industry's largest and most challenging projects."
Petrobras plans to install the subsea wellhead systems in various oil and gas fields in Brazil, including sub-salt. The equipment will be produced at the GE plant in Jandira (São Paulo), where GE has invested US$30 million to expand production capacity.
"The Jandira facility has been crucial in allowing GE Oil & Gas to provide world-class technology and has prioritized Brazilian-based production, which is a critical component in local social and economic growth," said Fernando Martins, president of Subsea Systems for GE in Latin America. In the last 30 years, more than 1,200 GE wellhead systems and 180 subsea Christmas trees have been produced and installed in Brazil.
Petrobras is an integrated energy company that operates in 27 countries on five continents. It is a world leader in deepwater and ultra-deepwater oil production and operates approximately 100 production platforms, 15 refineries, 30,000 kilometers of pipelines and more than 6,000 service stations.
GE Growth in Brazil
GE Oil and Gas is committed to business growth in Brazil and continues to invest in new capacity to take on orders and new industry demands. The US$30 million invested in Jandira (SP) was used for capacity expansion and modernization of the operation. In Niterói (Rio de Janeiro), GE is investing US$ 200 million to expand its flexible line plant, to serve the new sub-salt fields.
In June 2012, GE announced the completion of the US$ 32 million expansion of its plant in Macaé (Rio de Janeiro), tripling the size of the facility and making it GE Oil & Gas's most modern subsea system services provider in the world. This expansion increased the workforce at the site by 150 percent.
GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.
General Electric ( GE ) hat es gut mit Investoren für das vergangene Jahr, steigt über 50% von einem niedrigen unter $ 15 auf dem derzeitigen Niveau knapp unter 23 $. In der Tat hat es 10% allein in den letzten Monat allein gestiegen. Das Unternehmen sollten Ertragssteigerung in den nächsten Jahren wie es die Bilanz gereinigt , und es zahlt sich eine respektable, aber nicht spektakulär 3% Dividende. General Electric hat den Verkauf des 7 Milliarden Dollar Anleihen als Teil einer Refinanzierung Deal gestern, aber das scheint sehr Routine angesichts der Tatsache, dass die Verschuldung sehr billig ist richtig. Diese Firma ist wahrscheinlich nicht die sexiest Investitionen zu ergänzen oder zu verfolgen, in Ihr Portfolio, aber ich sehe keine Notwendigkeit zu verlassen, bis der aktuelle Trend zeigt Anzeichen der Umkehr. Analyse General Electric bietet Produkte und Dienstleistungen von Flugzeugmotoren, Stromerzeugung, Wasseraufbereitung und Haushaltsgeräte zu medizinischer Bildverarbeitung, Geschäfts-und Privatkunden Finanzierung und industrielle Produkte. Es gab eine signifikante Runde der Volatilität zwischen Oktober und Dezember 2011, und seitdem hat die Aktie in einer viel glatteren allgemeinen Aufwärtstrend mit dem 20 angesiedelt -, 50 - und 200-Tage gleitenden Durchschnitte fallen schön in Linie seit Juli 2012. In aller Ehrlichkeit, habe ich nicht wirklich erwartet, die Aktie an der 22 $ Bereich für einige Zeit zu kommen klettern, so dass ich meine Einstellung Haltestellen entsprechend dürfte sich dieser Trend Süden gehen in die nahe Zukunft.