Current:Home > StocksGE business to fill order for turbines to power Western Hemisphere’s largest wind project -VitalEdge Finance Pro
GE business to fill order for turbines to power Western Hemisphere’s largest wind project
View
Date:2025-04-11 20:53:04
ALBUQUERQUE, N.M. (AP) — A business to be spun off by General Electric will build 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 the global renewable-energy giant Pattern Energy.
GE Vernova officials announced the agreement Tuesday, saying it is 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 United States. 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.
However, after years of record growth, the industry group American Clean Power expects less land-based wind to be added in the U.S. by year’s end — about enough to power 2.7 million to 3 million homes.
While companies are taking advantage of government incentives now, it can take years to bring projects online, the industry group said.
The SunZia Wind Project will span three counties in rural New Mexico. Crews already are constructing the concrete platforms that will support the turbines, and developers expect the first turbines to rise this autumn.
Pattern Energy CEO Hunter Armistead said the project will serve as a backbone for a cleaner, more reliable grid for customers across the western U.S. The company already has signed long-term power purchase agreements with Shell Energy North America and the University of California for a portion of the electricity that will be generated.
“Construction is in full swing on SunZia, using American-made turbine components and creating thousands of good-paying new jobs — a big win for the growing clean energy economy,” Armistead said in a statement.
GE Vernova will tap its factory in Pensacola, Florida, for the large order, as well as tower manufacturing operations in New Mexico, Colorado and Texas. Overall, 15 suppliers are on board for providing the necessary parts to make each turbine.
Vic Abate, president and CEO of the company’s wind business, called the venture historic.
“This project demonstrates GE Vernova’s ability to deliver on our workhorse strategy in onshore wind — producing fewer variants in large quantities at scale to drive quality and reliability across the fleet for our customers,” he said in a statement.
In all, the company has more than 55,000 turbines installed worldwide.
The company has been working with Pattern Energy for the past 18 months on site layouts that are designed to maximize the performance of the turbines in central New Mexico and to ensure the supply chain can keep up with manufacturing demands.
GE Vernova consultants also have been working on interconnection with the transmission line, and the company’s financial arm provided a tax equity loan commitment that helped to solidify financing for the project.
___
The story has been updated to correct that GE Vernova is set to be spun off by General Electric, not that it is a GE spinoff.
veryGood! (39)
Related
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Buffalo Bills calling on volunteers again to shovel snow at stadium ahead of Chiefs game
- Doja Cat's mother alleges son physically, verbally abused rapper in restraining order
- Stock market today: Global stocks track Wall Street gains and Japan’s inflation slows
- US Open player compensation rises to a record $65 million, with singles champs getting $3.6 million
- Newspapers stolen on day it publishes story with allegations of teen's rape at Colorado police chief's home
- 3M to pay $253 million to veterans in lawsuit settlement over earplugs and hearing loss
- Haven't made it to Taylor Swift's Eras Tour yet? International dates may offer savings
- New Orleans mayor’s former bodyguard making first court appearance after July indictment
- U.S. shrimpers struggle to compete as cheap foreign imports flood domestic market
Ranking
- Sonya Massey's family keeps eyes on 'full justice' one month after shooting
- Time is running out for closer Billy Wagner on Baseball Hall of Fame bubble
- New Patriots coach Jerod Mayo is right: 'If you don't see color, you can't see racism'
- Jack Burke Jr., Hall of Famer who was the oldest living Masters champion, has died at age 100
- Olympic men's basketball bracket: Results of the 5x5 tournament
- No Labels files DOJ complaint about groups boycotting its 2024 presidential ballot access effort
- Biden adds to his 'Bidenomics' flop: This new rule throws wrench in popular gig economy.
- House committee seeks answers from Defense Secretary Lloyd Austin on hospitalization
Recommendation
Man charged with murder in death of beloved Detroit-area neurosurgeon
Julia Fox Beats the Cold at the Sundance Film Festival in Clever Bikini Getup
Robert Griffin III says former coach Jay Gruden has 'zero integrity' in fiery social media feud
2024 Grammy Awards performers will include Billie Eilish, Dua Lipa and Olivia Rodrigo
In ‘Nickel Boys,’ striving for a new way to see
Sami rights activists in Norway charged over protests against wind farm affecting reindeer herding
Subway adds 3 new foot-long items to its menu. Hint: None of them are sandwiches
Mexican president calls on civilians not to support drug cartels despite any pressure