Industry

GE scraps plans to make giant 18 MW offshore wind turbines

by admin 36 Comments

Share on Facebook
Share on Twitter
Share on Pinterest
Share on LinkedIn
GE offshore wind
Photo: GE Renewable Energy

GE Vernova is abandoning plans to supersize its offshore wind turbines and will instead focus on rolling out smaller “workhorse” turbines.

In March of last year, GE Vernova CEO Scott Strazik said during a GE Investor Conference that the market was receptive to larger variants of the company’s Haliade-X offshore wind turbines: “Now we are getting a very positive reception from the market with our 17 to 18 MW Haliade-X variant off of what we’re shipping this year.”

However, GE Vernova has decided to shelve that idea for the future. Parent company GE writes in its US Securities and Exchange Commission EX-99 that its Haliade-X platform has included “offerings available from 12 MW to 18 MW with estimated capacity factors ranging from 60% to 64%.” It continued:

One Haliade-X 13 MW turbine can power the equivalent of up to 16,000 European homes.

…We believe the future of our offshore wind business will be the Haliade-X 15.5 MW-250, a workhorse product.

The company made project losses in its offshore wind business last year. It expects margins to remain challenged in 2024 as it executes its Haliade-X backlog, “which will require significant cash use and working capital.” However, GE anticipates working capital dynamics and margins to improve beyond 2024.

The 800 MW Vineyard Wind I project off the Massachusetts coast consists of GE’s 13 MW Haliade-X turbines.

Read more: 5 wind turbines just came online at Massachusetts’ first offshore wind farm

If you live in an area that has frequent natural disaster events, and are interested in making your home more resilient to power outages, consider going solar and adding a battery storage system. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and share your phone number with them.

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way. Get started here. –ad*

This article was originally published by Electrek.co. Read the original article here.
Share on Facebook
Share on Twitter
Share on Pinterest
Share on LinkedIn

Products You May Like

36 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *