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
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