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GE, Itochu tie up on wind power projects

Wed, 06/02/2010 - 10:25pm
Reuters

TOKYO (Reuters) - General Electric and Japanese trading house Itochu Corp have agreed to cooperate on investment in large wind and other renewable energy projects, Itochu said, boosting Itochu's share price by nearly 5 percent.

GE, the largest U.S. conglomerate and a top maker of wind power generators, and Itochu will jointly take a majority stake in a 30 billion yen ($326 million) wind power project in Oklahoma, Itochu said.

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