GE and Granito Group Forge Partnership on Renewable Energies

GE’s Power Conversion business (NYSE: GE) and the financial advisory Granito Group signed a memorandum today establishing a partnership towards the development of high-quality solar power plants across Latin America. Through the agreement, the companies will join efforts in the expansion of their client base in the region by promoting each other offering and eventually suggest a combined package of products and services. 

These include GE’s solar products for photovoltaic power plants and the provision of financial advisory and capital raising support by the Granito Group. 

Cooperation between GE and the Granito Group is for a one-year duration (with renewal options) and will proceed on a case-by-case and non-exclusive basis.

GE's Power Conversion business applies the science and systems of power conversion to help drive the electric transformation of the world's energy infrastructure. Designing and delivering advanced motor, drive and control technologies that evolve today's industrial processes for a cleaner, more productive future, it serves specialized sectors such as oil and gas, marine, renewable energy, power, heavy industries and all related services. GE has accumulated more than 5 gigawatts of total global installed base, notably with 1 gigawatt in Latin America, for its solar inverter technology, and was the first to introduce 1,500-volt system architecture to the solar market.

The Granito Group is a boutique financial group with the mission to transform the global economy into a sustainable economy by offering strategic consulting, financial advisory, and policy & research. It operates from Zurich, London, and Sao Paulo. 

More information on PV Magazine available here (in Spanish).