Current:Home > StocksGE business to fill order for turbines to power Western Hemisphere’s largest wind project -Zenith Money Vision
GE business to fill order for turbines to power Western Hemisphere’s largest wind project
View
Date:2025-04-27 12:56:06
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! (84)
Related
- Current, future North Carolina governor’s challenge of power
- Charlie Adelson found guilty in 2014 murder-for-hire killing of Dan Markel
- Golden State Warriors to host 2025 NBA All-Star Game at Chase Center
- Broadcast, audio companies will be eligible for Pulitzer Prizes, for work on digital sites
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Jewish man dies after confrontation during pro-Israel and pro-Palestinian demonstrations
- German federal court denies 2 seriously ill men direct access to lethal drug dose
- Damar Hamlin launches scholarship in honor of Cincinnati medical staff who saved his life
- See you latte: Starbucks plans to cut 30% of its menu
- Another former Blackhawks player sues team over mishandling of sexual abuse
Ranking
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- A new Biden proposal would make changes to Advantage plans for Medicare: What to know
- 5 Things podcast: How can we cultivate happiness in our lives?
- Former White House chief of staff Mark Meadows sued by book publisher for breach of contract
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- New Mexico revisits tax credits for electric vehicles after governor’s veto
- Sudan’s military conflict is getting closer to South Sudan and Abyei, UN envoy warns
- Mississippi voters will decide between a first-term GOP governor and a Democrat related to Elvis
Recommendation
Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
A year after 2022 elections, former House Jan. 6 panel members warn of Trump and 2024 danger
Nevada high court postpones NFL appeal in Jon Gruden emails lawsuit until January
Sofia Richie Says She's Beyond Obsessed With Husband Elliot Grainge in Birthday Tribute
Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
Voters in Pennsylvania to elect Philadelphia mayor, Allegheny County executive
Toyota, Ford, and Jeep among 2.1 million vehicles recalled: Check car recalls here
Michigan football served notice of potential disciplinary action from Big Ten