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GE Unit Buys Stake in Arizona Solar Project

Reuters

GE Energy Financial Services, part of General Electric (GE.N), said on Wednesday it bought a stake in a large U.S. solar power project for $100 million, bringing its investments in the sector to $1.4 billion in the last year.

The deal was the latest big solar purchase by companies eager to own utility-scale plants that have benefited from government targets for renewable energy and a now-expired federal grant program that pays a portion of a project's costs.

Read the full story from Reuters

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