German utility E.ON AG (EOAN.XE) Tuesday said it will invest EUR2.6 billion in renewables through 2013, as it marked the installation of a wind farm in Illinois.
German utility E.ON AG (EOAN.XE) Tuesday said it will invest EUR2.6
billion in renewables through 2013, as it marked the installation of a wind
farm in
Illinois
.
MAIN FACTS:
-On Tuesday E.ON installed and successfully tested the first of 94 turbines of
Settlers Trail wind farm. Located in
Illinois
,
Settlers Trail will be the fourteenth wind farm E.ON has built in the
US
in
just three years.
-With 150 megawatts of capacity, it will be able to supply more than 45,000
households with clean electricity.
-When completed Settlers Trail will take E.ON's a total installed wind capacity
in
North America
over 2,000 MW, strengthening the company's
position as one of the continent's wind-power leaders.
-Renewable-power in
North America
is one of E.ON's growth
businesses outside
Europe
.
-In November 2010, E.ON announced that in the future it intends to generate
about one quarter of its earnings in four regions outside Europe: North America
(wind power), Russia (conventional power generation), and two other regions it
is currently in the process of identifying.
-In 2010, E.ON invested more than EUR1 billion in renewables and expanded its
wind and solar capacity by 600 MW to over 3,600 MW.
-E.ON plans to invest EUR2.6 billion more for the period 2011-2013.
-E.ON is expanding both its wind and solar capacity in
Europe
,
where its biggest projects are two offshore wind farms.
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