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GE Vernova Sign €700 Million Wind Turbine Deal for Teruel Wind Project

Copenhagen Infrastructure Partners (CIP) and GE Vernova’s Onshore Wind division have entered into a groundbreaking agreement valued at over €700 million to supply wind turbines for the Maestrazgo cluster within the Teruel wind project. This significant contract marks one of the largest wind power agreements in Spain and is poised to significantly boost the Spanish wind industry.

The agreement involves the delivery, installation, and commissioning of 125 GE Vernova 6.1-158 wind turbines, with an overall installed capacity of approximately 760 MW. This will make the Teruel wind project the largest wind farm in Spain, contributing substantially to the nation’s energy transition by reducing CO2 emissions by an estimated 320,000 tonnes annually.

GE Vernova’s blades for the 125 turbines will be produced at their factory in Les Coves de Vinromà, Castellón, while the towers will be manufactured at various Spanish plants located in Albacete, Burgos, and Galicia. This localization of production underscores the project’s positive impact on the Spanish economy, particularly in job creation and industrial activity.

CIP has projected an investment of around €1 billion for the construction of this wind farm, with an additional €1.4 billion allocated for operation and maintenance over the project’s lifespan. This substantial investment highlights the socio-economic benefits, including the maintenance of over 3,540 jobs and the generation of enough electricity to power approximately 570,000 homes annually.

Vic Abate, CEO of GE Vernova Wind, expressed enthusiasm about the partnership, emphasizing the role of GE Vernova’s advanced technology in supporting Spain’s renewable energy goals. Similarly, Nischal Agarwal, a partner at CIP, highlighted the project’s significant socio-economic impact on the Aragonese and Valencian economies and its pivotal role in the Spanish wind industry.

The project is currently awaiting Administrative Authorisation for Construction (AAC) to commence installation works. This development aligns with Spain’s ambitious renewable energy targets, as announced by the Ministry for Ecological Transition and Demographic Challenge (MITECO), aiming to produce 62 GW of wind power by 2030.

GE Vernova’s extensive experience in the wind industry, with over 56,000 turbines installed globally and nearly 120 GW of installed capacity, positions them as a key player in this transformative project. The Teruel wind project exemplifies CIP’s commitment to accelerating Spain’s energy transition and achieving decarbonization goals through sustainable and high-performance renewable energy solutions.

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