GE to spend $50 million on wind farms in India

GE is expanding its wind turbine business in India with a $50 million investment by its Energy Financial Services division. The division will partner with a subsidiary of India's Greenko Group PLC, which is spending $65 million on the venture. GE's investment will help Greenko develop a series of wind projects in the Indian states of Maharashtra, Andhra Pradesh, Karnataka and Rajasthan. Greenko already has a 65-megawatt wind farm in Maharashtra under development. The farm, which will use GE turbines, is expected to be completed in December. Details