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Colorado wind-power giant settles legal dispute over patents

Greg Avery
Colorado wind-power giant settles legal dispute over patents

Wind energy giants Vestas and GE on Tuesday settled their patent fight over key technologies helping wind turbines manage connections to the electrical grid. Vestas, the Danish company whose Vestas-American Wind Technology Inc. manufactures turbines at four plants in Colorado, reached a cross-licensing arrangement with GE (NYSE: GE) covering the technologies in dispute. Vestas also agreed to make a payment to GE as part of the settlement, the companies said.