This is an excerpt from EERE Network News, a weekly electronic newsletter.

May 15, 2002

GE Buys Enron Wind; Vestas Receives Large U.S. Wind Order

It's finally official: the company formerly known as Enron Wind Corporation is now called GE Wind Energy, a General Electric (GE) company. GE Power Systems announced the acquisition on May 10th. GE has not yet chosen the headquarters location for the new company, which is currently based in Tehachapi, California. See the GE Wind Energy Web site.

The U.S. market for wind turbines appears strong: Vestas - American Wind Technology, Inc. (the U.S. subsidiary of Vestas Wind Systems A/S) received an order on May 5th for 62 of its 660-kilowatt wind turbines for a project near Palm Springs, California. Cannon Power Corporation placed the order - worth more than $24 million - for its Cabazon Wind Project. See the Vestas press release.

Other encouraging news for the wind industry includes a report from E Source Green Energy Service, part of Platts Research and Consulting, that concludes that wind power can be easily integrated into newly developing wholesale power markets. That's good, since the global wind power market is expected to more than double over the next five years, to more than 60,000 megawatts of capacity. And all of this news is creating intense interest in this year's WINDPOWER 2002 conference, which starts June 2nd in Portland, Oregon.