GE Vernova signs 1.5GW wind turbine deal with Australian mining billionaire
GE Vernova signs 1.5GW wind turbine deal with Australian mining billionaire | Windpower Monthly
GE Vernova is in line to supply its 6MW turbines for about 1.5GW of Australian onshore wind capacity through a A$2.75 billion ($1.8 billion) deal with Squadron Energy.
The US manufacturer is due to provide its 6MW turbines, and help with engineering, procurement and construction for Squadron’s 414MW Uungula, 700MW Spicers Creek, 400MW Jeremiah wind farms in New South Wales.
Squadron – the Australian renewables developer opened by mining billionaire Andrew Forrest – also announced that construction work had now started on the Uungula wind farm.
It added that the turbine supply and EPC deal could be worth around A$2.75 billion for GE.
Vic Abate, chief technology officer at GE and CEO of GE Vernova’s wind business, said: “With global demand accelerating, it is essential for Australia to embrace strategic supply chain initiatives to provide certainty in the rollout of renewable energy.”
Related Knowledge Center: Climate diplomacy
Talks are well underway in preparation for the next major international meeting on climate change, 28th Conference of the Parties (COP28), scheduled to begin Nov. 30 in the United Arab Emirates.
Much like last year’s COP27, finances — specifically, aid to developing nations — will be at the center of conference deliberations.
The conference faces an even greater sense of urgency brought on by the Sept. 8, 2023, release of the first global stocktake, which calls for accelerated action to meet the goals set in the 2015 Paris Climate Agreement (COP21).
Climate diplomacy: COP 27 | Climate diplomacy: COP 28 | Climate diplomacy: COP 29