GE Vernova’s onshore wind business has signed a strategic framework agreement with Squadron Energy for 1.4GW of onshore wind projects in New South Wales.
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The agreement, which was received in the fourth quarter of 2023, was publicly confirmed following a sod turning ceremony at Squadron’s Uungula Wind Farm earlier this month. As part of the agreement, Squadron Energy entered into a $2.75 billion green strategic alliance for wind turbine supply with GE Vernova.
Through the alliance, GE Vernova will supply Squadron Energy’s 414MW Uungula Wind Farm with GE Vernova’s 6MW wind turbines and engineering, procurement and construction expertise through its consortium partners CCP, and will also supply turbines for Squadron Energy’s next two NSW projects—Spicers Creek and Jeremiah wind farms.
All three projects will utilise GE Vernova’s 6.0-164 workhorse turbine, which will enable the standardisation of grid and project execution elements across the portfolio.
Uungula Wind Farm will include 69 of GE Vernova’s 6.0-164 wind turbines and a five-year, full-service agreement with GE.
GE Vernova’s wind business CEO Vic Abate said, “This deal is the culmination of a strong partnership between the GE and Squadron teams built over several years across multiple projects. We are delighted to continue working together across a portfolio of projects in New South Wales, to bring reliable and affordable wind energy to the region.”
Dr Andrew Forrest, chairman of Tattarang, Squadron’s parent company, said, “This partnership with GE Vernova will accelerate Australia’s transition to green energy. Squadron Energy is committed to delivering a 14GW renewable energy development pipeline—one third of the Australian Government’s 82% 2030 renewable energy target.
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“The strong policies in place in the U.S, and Australia to incentivise industry investment in large-scale green energy will help to bring emissions down, not just nationally but across the globe. The transition to green energy is well and truly underway. It’s urgent for our planet but with the correct policies and partnerships it’s also great for our economy and local workforce.”
