On Monday, General Electric Company (NYSE:GE)’s shares inclined 0.36% to $30.39.
GE Renewable Energy (GE) declared it will provide 43 wind turbines and a full services agreement for two new wind projects in eastern France. The Rougemont and Vaite wind farms are being developed by Opale Energies Naturelles on behalf of Velocita Energies, and the sites will install a combined 120 MW of GE technology over the next two years. The agreement marks GE’s largest French onshore wind deal to date and will comprise the largest installation of its 2.75-120 technology anywhere in Europe.
“We are building the largest wind farms in Franche-Comté, and once accomplished, the wind cluster we have established here with the nearby Monts du Lomont wind farm will be the most powerful in France,” said Alan Baker, COO of Velocita. “Our aim is to ensure that the local community benefits from these projects as much as possible. GE has a well-established presence in this region and is collaborating with us to source some of the components locally and provide technical support from a new regional service center.”
The Rougemont and Vaite declarement follows GE’s recent declarement that it would also supply turbines for the Monts du Lomont wind farm, another Velocita project in the Franche-Comté region. The ongoing partnership between the two companies is predictable to assist the region meet its objective of attaining 600 MW of wind energy by 2020.
General Electric Company operates as an infrastructure and financial services company worldwide. The company’s Power and Water segment offers gas, steam and aeroderivative turbines, nuclear reactors, generators, combined cycle systems, controls, and related services; wind turbines; and water treatment services and equipment. Its Oil and Gas segment provides surface and subsea drilling and production systems, equipment for floating production platforms, compressors, turbines, turboexpanders, reactors, industrial power generation, and auxiliary equipment.
Chevron Corporation (NYSE:CVX)’s shares dropped -0.62% to $89.25.
Chevron Corporation (CVX) declared that its wholly-owned partner, Chevron U.S.A. Inc., has signed a non-binding liquefied natural gas (LNG) supply Heads of Agreement (HOA) with China Huadian Green Energy Co., Ltd. When the agreement is finalized, China Huadian Green Energy is predictable to receive up to 1 million metric tons per annum (MTPA) of LNG over 10 years starting in 2020.
“This is an important step in the commercialization of Chevron’s natural gas holdings in Australia and the establishment of our global liquefied natural gas portfolio,” said Pierre Breber, executive vice president, Chevron Gas and Midstream. “As Chevron continues to grow into one of the world’s largest LNG suppliers, this agreement represents further progress and diversification of our sales portfolio.”
“We welcome the opportunity to supply LNG to China Huadian and look forward to building lasting relationships with our customers in the region as the Chevron-operated Gorgon and Wheatstone projects move into operations,” said Roy Krzywosinski, managing director, Chevron Australia. “The China Huadia contract demonstrates Chevron’s equity gas from Australia is well-placed to meet the growing demand for natural gas in the Asia-Pacific region.”
Chevron Corporation, through its auxiliaries, engages in the petroleum, chemicals, and power and energy operations worldwide. The company operates in two segments, Upstream and Downstream.
VF Corp (NYSE:VFC)‘s shares surged 0.55% to $62.35. The last trading range of VF Corp (NYSE:VFC) ranges between $61.94 and $62.61. The EPS of the company stands at $2.41. The 52-week range shows that the stock reached higher at $77.83 while its lower range is $61.17 in the last 52-weeks. The average volume of the company is at 2.57 million with the Outstanding Shares of 426.31 million. The market capitalization of the company is $26.44 billion. The Beta of the company stands at 0.74 with the RSI (Relative Strength Index) of 39.96.
V.F. Corporation designs, manufactures, markets, and distributes branded lifestyle apparel, footwear, and accessories in the United States and Europe. The company offers outdoor apparel, footwear and equipment, youth culture/action sports-inspired footwear, handbags, luggage, backpacks, totes, accessories, merino wool socks, women’s activewear, and travel accessories under the The North Face, Vans, Timberland, Kipling, Napapijri, Jansport, Reef, Smartwool, Eastpak, lucy, and Eagle Creek brands.
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