With $85.2 Trillion required to achieve the 2050 Net Zero Scenario*, our mission is to connect capital to energy infrastructure projects.
GE Vernova's Financial Services business provides financial solutions to meet the world's capital-intensive energy needs. We support customers and projects utilizing GE Vernova equipment and services with a wide range of investing and structuring solutions from development, construction and operations. We provide a tailored, structured packaged solution and we bring to each project the expertise and experience of a business that focuses on power and renewable energy generation.
Our joint development support includes early-stage and pre-construction funding to get projects off the ground. This can include feasibility studies, environmental impact assessments, securing land rights, permitting, and regulatory approvals. Financial Services may support co-development on a project-by-project basis or by backing a development platform.
Our balance sheet investments support financing during the construction and operation phases of a project. These can be highly structured transactions in order to manage risks and generate returns, typically through a combination of tax equity, preferred equity and common equity. Of Financial Services' total capital deployed in 2022, approximately 85% was invested into tax equity; over the last five years, an average of 55% of capital deployed was invested into tax equity.
We provide access to large pools of capital from both public and private sectors for all stages of a project's life cycle. This can include helping to secure capital from export credit agencies, development finance institutions, banks, private equity, institutional investors, and strategic investors.
Learn how we plan to deliver more sustainable, affordable and reliable energy for all. Together, we have The Energy to Change the World.
Headquarters: Connecticut
Employees: Located in Connecticut, Texas, New York, Washington, California, Illinois, and Canada.
Key activities: U.S. renewables tax equity investing, construction financing and M&A financing; select co-development for thermal power projects
Employees: Located in Brazil, Argentina, Mexico.
Key Activities: Equity investing and third-party financing; regional focus in Mexico, Brazil, Panama, Chile and Argentina
Employees: Located in Germany, France, Switzerland, UK.
Key Activities: Renewables equity investing and third-party capital raising
Employees: Located in United Arab Emirates
Key Activities: Third-party financing and IPP contracting
Employees: Located in Kenya, Nigeria
Key Activities: Third-party financing and IPP contracting; regional focus in Ghana, Nigeria, Uganda, Mozambique, Kenya and Angola.
Employees: Located in Japan, Hong Kong, India, Indonesia, Singapore, Vietnam, Australia.
Key Activities: Equity investing and third-party financing; regional focus in India, Japan, Australia, Vietnam, South Korea, Bangladesh, Sri Lanka.