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GE spinoff to fill massive order for turbines to power Western Hemisphere's largest wind project

GE spinoff to fill massive order for turbines to power Western Hemisphere's largest wind project

ABC News
Tuesday, January 09, 2024 12:21:15 PM UTC

One of the world's largest renewable energy developers will be getting hundreds of wind turbines from General Electric spinoff GE Vernova as part of a record equipment order and long-term service deal

ALBUQUERQUE, N.M. -- A spinoff of General Electric will be building hundreds of turbines for what will be the largest wind project in the Western Hemisphere, part of a massive equipment order and long-term service agreement with global renewable energy giant Pattern Energy.

GE Vernova officials announced the agreement Tuesday, saying it represents the largest onshore wind turbine order received by the company both in quantity and in the amount of electricity that the 674 turbines will eventually generate when the SunZia Wind Project comes online in 2026.

Construction already is underway on the SunZia wind farm and an associated multibillion-dollar transmission line that will funnel power to populated markets in the western U.S. Pattern Energy just weeks ago announced that it had closed on $11 billion in financing for the projects.

Backers see SunZia — described as an energy infrastructure undertaking larger than that of the Hoover Dam — as a pivotal project. The venture has attracted significant financial capital and stands to boost the percentage of the nation's electricity that comes from renewable sources amid escalating state and federal energy mandates.

In December, the U.S. Energy Department reported that the private sector over the past three years has announced investments of more than $180 billion in new or expanded clean energy manufacturing projects across the nation — including spending on development of larger, higher capacity wind turbines. GE has been among the companies to take advantage of tax credits included in the federal Inflation Reduction Act.

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