GEV Expected to Help Bring More Wind to Spain Through Multiple Agreements Signed in the Second Quarter

GE Vernova Inc. (NYSE: GEV) announced today it has signed multiple wind agreements in Spain during the second quarter of 2024. These projects, outlined below, will help support Spain's ambitious renewable energy targets and continue to contribute to the Spanish wind industry, where GE Vernova has the second highest installed base across OEMs according to the Spanish Wind Energy Association.

• ERBI
  For the third time, ERBI has selected GE Vernova for two wind farms in Castilla León, where GE Vernova also has a blade manufacturing facility. GE Vernova will supply and commission a total of 16 units of the company’s 6.1 MW-158m* workhorse wind turbines to the Casa Vieja wind farm and the Pedrejones wind farm, with eight turbines going to each project. Deliveries are expected to start at the end of this year.
   
• Enervent
  GE Vernova will repower one wind farm in Catalonia, Spain, which is also home to one of GE Vernova’s engineering centers of excellence. Les Colladetes wind farm will be upgraded with six of GE Vernova’s 6.1 MW-158M wind turbines. In addition, GE Vernova will provide two new turbines of the same size to the wind farm.
   
• Greenvolt
  GE Vernova will supply, install, and commission five units of GE Vernova’s 6.1 MW-158m for the Barranco del Agua windfarm located in Andalucia, Spain. This marks GE Vernova’s first order with the company.

Gilan Sabatier, Chief Commercial Officer for GE Vernova’s Onshore Wind business in International Markets, said: "We are honored to be entrusted with helping to bring more wind power online in Spain, supporting our customers’ efforts to drive the acceleration of the energy transition. These projects will take advantage of GE Vernova's strong presence in the country where the Company already has more than 4.3 GW in operation, an engineering center of excellence in Barcelona, and two wind turbine blade production factories.”

These agreements reinforce how we can use our workhorse product strategy to provide our customers with proven technology that enables them to build high-quality, high-performance fleets at scale to meet the demands of the energy transition."

GE Vernova's onshore wind business has a total installed base of approximately 56,000 turbines and nearly 120 GW of installed capacity worldwide. Committed to customer success for more than two decades, its product portfolio offers proven, next-generation technology that leads with high-power turbines to enable high-quality scale and drive decarbonization through more affordable and sustainable renewable energy generation. The company’s Cypress platform is the most widely deployed onshore wind turbine above 5MW outside China.