Current:Home > ContactGE business to fill order for turbines to power Western Hemisphere’s largest wind project -Elevate Capital Network
GE business to fill order for turbines to power Western Hemisphere’s largest wind project
View
Date:2025-04-25 08:24:56
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! (77)
Related
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- Save 40% on TULA Protect + Glow Daily Sunscreen and Get a Luminous Look
- Seth Meyers Admits Being Away From the Kids Is the Highlight of Met Gala 2023 Date Night With Alexi Ashe
- Met Gala 2023 Red Carpet Fashion: See Every Look as the Stars Arrive
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- School Strike for Climate: What Today’s Kids Face If World Leaders Delay Action
- Rise and Shine Because Kylie Jenner Just Shut Down the 2023 Met Gala Red Carpet
- All the Celebrity Couples Turning Met Gala 2023 Into the Ultimate Date
- Woman dies after Singapore family of 3 gets into accident in Taiwan
- Is Jury Duty's Ronald Gladden Single? He Says...
Ranking
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Rachel McAdams Reflects on Her Totally Fetch Motherhood Transition—Onscreen and IRL
- Today’s Climate: April 19, 2010
- Rachel McAdams Reflects on Her Totally Fetch Motherhood Transition—Onscreen and IRL
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Smokey Robinson Recalls Year-Long Affair With Diana Ross During His Marriage to Claudette Rogers
- Everything You Need to Achieve the Quiet Luxury Trend Without Breaking the Bank
- Raquel Leviss Admits to Sleeping Over at Tom Sandoval's in Bombshell Vanderpump Rules Preview
Recommendation
Tree trimmer dead after getting caught in wood chipper at Florida town hall
Fire Up Your Fashion Memories With the Most Unforgettable Met Gala Moments of All Time
Jennifer Lopez Is the Picture of Sexy Sophistication Baring Skin at Met Gala 2023
24-Hour Flash Deal: Save 80% On a 6-Month Supply of Perricone MD Skincare Products
Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
Today’s Climate: April 26, 2010
Goddesses on Parade: See What the Met Gala Looked Like in 2003
Lululemon's Mother’s Day Gift Guide Has Something for Every Type of Mom