GE & Continuum Green Energy, a company majority-owned by a global infrastructure fund managed by Morgan Stanley Infrastructure Inc, announced financial close of GE Energy Financial Services acquisition of a 49% stake in Continuum’s 148.5 MW Morjar onshore wind project in Gujarat in India. The Morjar project will be equipped with GE Renewable Energy’s 2.7-132 onshore wind turbines. GE will supply, install and commission 55 units. The 148.5 MW project is expected to reach full commercial operations in June 2022. Upon completion, Morjar onshore wind farm will provide power to local communities up to the equivalent of 125,000 households in India. GE Renewable Energy recently supplied 37 units of its 2.7-132 onshore wind turbines to Continuum’s 240 MW wind-solar hybrid project in Gujarat, India.This transaction marks GE EFS’ first onshore wind equity investment in the state of Gujarat through a structured preferred equity solution. The investment demonstrates GE EFS’ ability to provide financial solutions to sophisticated GE customers, like Continuum, in support of the energy transition. Furthermore, it offers the potential to enable future renewable energy opportunities as the financing solution can be replicated across India as well as the global market.To date, GE EFS has invested in several projects in India, enabling over 1 GW of renewable energy projects across various states, including Madhya Pradesh, Rajasthan, Karnataka, Uttar Pradesh, Maharashtra, Andhra Pradesh and Gujarat.GE will continue to cement its financial services capabilities in the Indian renewables market through its partnership with Continuum, a leading India-focused renewable energy group, which has a portfolio capacity of 4 GW comprising 855.4 MW of operational capacity, 444.4 MW under construction and 2.7 GW under development.India is a significant and sizeable renewables energy market that is underpinned by strong government support with a 500 GW renewable energy target by 2030. In 2021, GE Renewable Energy secured over 1.2 GW orders in India, making it the largest wind turbine original equipment manufacturer and supplier in the country.