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Vineyard Wind, GE Vernova Settle $300M-Plus Legal Dispute
The companies agreed to dismiss all claims after a 2024 blade failure and a dispute over hundreds of millions of dollars.
- On Wednesday, Vineyard Wind and GE Vernova settled their lawsuit in Suffolk County Superior Court, ending the legal dispute over the offshore wind project's construction agreements.
- Spanish firm Iberdrola, the project developer, filed the lawsuit in April after GE Renewables threatened to terminate construction contracts over unpaid portions of the $1.3 billion deal.
- Vineyard Wind claimed the manufacturer owed $394 million for faulty work, including 68 turbine blades that required replacement following a 2024 blade break.
- In a joint statement, the companies described the settlement as "amicable" but declined to release the confidential terms of the agreement.
- A federal investigation into the blade failure remains ongoing, and GE Vernova must still complete final commissioning to bring the 62-turbine project to full power.
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GE Vernova ends attempt to exit Vineyard Wind
The offshore substation that each of Vineyard Wind 1’s 62 turbines will connect to (right) is seen on Aug. 1, 2023. At left is the “cable lay vessel” Giulio Verne, which connected the wind farm’s export cable to the substation.
·Needham, United States
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Total News Sources13
Leaning Left4Leaning Right0Center4Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
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