General Electric Company (GE - Analyst Report) recently announced the introduction of the 2.85-103 wind turbines for resource-constrained areas in Japan. These wind turbines can generate high power output with a power capacity of 2.85-megawatt and 103-meter diameter rotors.
General Electric's 2.85-103 wind turbines have been specifically developed to suit the Japanese weather conditions and are capable of surviving in extreme environmental turbulence. The wind turbines can also resist typhoon-class wind speeds and lightnings, which are typical features of Japan.
A wind farm containing 100 such wind turbines can reportedly power about 200,000 average homes in Japan. The new turbines are ready for immediate implementation as they meet all requirements and safety standards under Japan Electric Utility Industry Law and construction and building codes.
Over a 15-year period from 2005 to 2020, Japan intends to reduce its greenhouse gas emissions by 3.8%. According to Bloomberg New Energy Finance, 9.3% of all electricity generation in Japan was provided by the renewable energy sector in the year ending Mar 2013. Japan is perfectly placed for investments in renewable energy, including wind power as it is in the process in diversifying its energy supplies as a result of the Fukushima nuclear disaster in 2011.
General Electric currently holds a Zacks Rank #4 (Sell). Other stocks that look promising and are worth a look now are Hutchison Whampoa Ltd. , Marubeni Corp. (MARUY) and 3M Co. (MMM - Analyst Report), each carrying a Zacks Rank #2 (Buy).