Current:Home > FinanceGE business to fill order for turbines to power Western Hemisphere’s largest wind project -WealthMap Solutions
GE business to fill order for turbines to power Western Hemisphere’s largest wind project
View
Date:2025-04-12 05:32:58
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! (52139)
Related
- What do we know about the mysterious drones reported flying over New Jersey?
- You Won’t Be Able to Unsee This Sex and the City Editing Error With Kim Cattrall
- Not all Kentucky Derby winners were great: Looking back at 12 forgettable winners
- 2-year-old child dies, another child hurt after wind sends bounce house flying in Arizona
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- The Best White Dresses For Every Occasion
- Hawaii's 2021 Red Hill jet fuel leak sickened thousands — but it wasn't the first: The system has failed us
- Trump held in contempt for violating gag order in hush money trial. Here's how much he owes.
- Meta releases AI model to enhance Metaverse experience
- Trump held in contempt for violating gag order in hush money trial. Here's how much he owes.
Ranking
- Arkansas State Police probe death of woman found after officer
- Feds testing ground beef sold where dairy cows were stricken by bird flu
- Not all Kentucky Derby winners were great: Looking back at 12 forgettable winners
- How Columbia University became the driving force behind protests over the war in Gaza
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Jelly Roll's Wife Bunnie XO Claps Back After Meeting Her Hall Pass Crush
- Not all Kentucky Derby winners were great: Looking back at 12 forgettable winners
- Ralph Lauren delivers intimate, starry fashion show with Jessica Chastain, Glenn Close, more
Recommendation
What to watch: O Jolie night
Biden administration details how producers of sustainable aviation fuel will get tax credits
Your 'it's gonna be May' memes are in NSYNC's group chat, Joey Fatone says
Mike Tyson, Jake Paul to promote fight with press conferences in New York and Texas in May
The White House is cracking down on overdraft fees
Your 'it's gonna be May' memes are in NSYNC's group chat, Joey Fatone says
How to change your AirTag battery: Replace easily with just a few steps
Annuities are key to retirement. So why are so few of us buying them?