Estimates Run as High as $700 Mil for Vineyard Wind Blade Replacements – IOTW Report

Estimates Run as High as $700 Mil for Vineyard Wind Blade Replacements

Just the News

GE Vernova, the company that manufactured the blade that broke off a wind turbine off the coast of Nantucket and littered the shoreline with shards of potentially dangerous fragments is taking a financial hit over the incident.

In its third quarter earnings call, according to RTO Insider, the company stated its onshore wind business saw its best quarter since 2021, but the problems with its offshore business had taken the wind out of the good news. The July 13 blade failure and subsequent delays will cost the company an estimated $700 million. More

Vineyard Wind proudly proclaims it is the first “commercial-scale offshore wind project” in the nation.

You can thank the Biden-Harris Administration fast tracking this $2.3 billion project.

13 Comments on Estimates Run as High as $700 Mil for Vineyard Wind Blade Replacements

  1. “Vineyard Wind 1 is located 15 miles south of Martha’s Vineyard”
    Handy thing to have near your home. Is there a direct connection to the island?
    As I recall the POS that lives there put in a 2500 gal propane tank. Want to bet there is a propane powered generator. Green energy?

    6

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