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4-Traders Homepage  >  Equities  >  Nyse  >  General Motors Company    GM

Delayed Quote. Delayed  - 10/28 09:30:34 pm
31.53 USD   +0.64%
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DTE Energy : and General Motors Unveil Largest Solar Array on a GM Site in Michigan

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10/28/2016 | 04:01pm CEST

WARREN, Mich., Oct. 28, 2016 /PRNewswire/ -- DTE Energy, the state's largest investor in renewable energy, has completed installation of a 900-kilowatt solar array at GM's Warren Transmission plant. The array is the largest solar installation at a GM site in Michigan and brings DTE's operational solar sites to 28. DTE has three additional large scale solar arrays under construction in the cities of Detroit and Lapeer.


"DTE is proud to be the state's largest investor in solar and wind, having driven investments of $2 billion since 2008," said Irene Dimitry, vice president of business and development for DTE Energy. "These investments are helping us reduce greenhouse gases while enabling DTE to continue delivering safe, affordable and reliable energy for our 2.2 million customers. We are excited to be here today to celebrate the completion of this project and our partnership with General Motors."

GM recently announced its commitment to meet the electricity needs of its global operations with 100 percent renewable energy by 2050. This goal is part of the company's overall approach to strengthening its business, improving communities and addressing its impact on the climate.

"By partnering with DTE on this solar array, GM is helping bring green energy options to the Warren community," said Rob Threlkeld, GM's global manager of renewable energy. "Projects like these help GM better serve society by reducing environmental impacts."

DTE owns the 2,862 panel-array, which was installed on 4.25 acres of a parking lot leased from GM Warren Transmission. The solar array will generate approximately 1.2 million kilowatt hours of electricity per year, the energy equivalent to powering the annual electricity needs of about 155 homes in southeast Michigan.

Today, DTE's renewable energy portfolio includes 12 wind parks and 28 solar arrays in Michigan. In 2015, more than 10 percent of the electricity provided by DTE was generated from a renewable source in Michigan - enough clean energy to power more than 400,000 homes.

About DTE Energy
DTE Energy (NYSE: DTE) is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its operating units include an electric utility serving 2.2 million customers in Southeastern Michigan and a natural gas utility serving 1.2 million customers in Michigan. The DTE Energy portfolio includes non-utility energy businesses focused on power and industrial projects, natural gas pipelines, gathering and storage, and energy marketing and trading. Information about DTE Energy is available at dteenergy.com, twitter.com/dte_energy and facebook.com.

About General Motors Co.
General Motors Co. (NYSE:GM, TSX: GMM) and its partners produce vehicles in 30 countries, and the company has leadership positions in the world's largest and fastest-growing automotive markets. GM, its subsidiaries and joint venture entities sell vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, Opel, Vauxhall and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety, security and information services, can be found at http://www.gm.com.


Photo - http://photos.prnewswire.com/prnh/20161027/433557

Logo - http://photos.prnewswire.com/prnh/20140924/148236

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/dte-energy-and-general-motors-unveil-largest-solar-array-on-a-gm-site-in-michigan-300353340.html


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Financials ($)
Sales 2016 162 524 M
EBIT 2016 11 905 M
Net income 2016 9 414 M
Finance 2016 7 797 M
Yield 2016 4,76%
P/E ratio 2016 5,36
P/E ratio 2017 5,62
EV / Sales 2016 0,25x
EV / Sales 2017 0,25x
Capitalization 47 758 M
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General Motors Company Technical Analysis Chart | GM | US37045V1008 | 4-Traders
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 35,8 $
Spread / Average Target 14%
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Mary Teresa Barra Chairman & Chief Executive Officer
Daniel Ammann President
Charles K. Stevens Chief Financial Officer & Executive Vice President
Randall D. Mott Chief Information Officer & Senior Vice President
Kathryn V. Marinello Independent Director
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