GE Vernova’s Onshore Wind business has inked a strategic framework agreement with Squadron Energy for 1.4 gigawatts (GW) of onshore wind projects in New South Wales, Australia.
The agreement was initially announced by Squadron Energy earlier this month to mark the start of construction of the Uungala Wind Farm.
As part of the agreement, Squadron Energy entered into a US$2.75 billion green strategic alliance for wind turbine supply with GE Vernova.
Through the alliance, GE Vernova will supply Squadron Energy’s 414 MW Uungula Wind Farm with GE Vernova’s 6 MW 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.
GE Vernova and Squadron Energy, a wholly owned portfolio company of Tattarang, will build on their existing strong relationship to complete the grid applications and plan for the efficient delivery of the projects during a busy period of expansion for the global wind industry.
All three projects will utilize GE Vernova’s 6.0-164 workhorse turbine which will enable the standardization of grid and project execution elements across the portfolio. Both Jeremiah Wind Farm and Spicers Creek Wind Farm will be constructed under a split-scope delivery model, which will unlock additional project value.
The Uungula Wind Farm will include 69 of GE Vernova’s 6.0-164 wind turbines and a five-year, full-service agreement with GE. Construction will commence in the first quarter of 2024.
Vic Abate, CEO of GE Vernova’s Wind business, 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.”
“Across global markets, securing supply chains to mitigate risk and ensure a swift roll-out of renewable energy projects has been identified as one of the greatest challenges facing the sector and the shift to more renewable energy. This alliance with Squadron Energy is another example of GE Vernova’s ability to deliver on our workhorse strategy – producing fewer variants in large quantities at scale to drive quality and reliability across the fleet for our customers.”
Andrew Forrest, Chairman of Tattarang, said “This partnership with GE Vernova will accelerate Australia’s transition to green energy. Squadron Energy is committed to delivering a 14 GW renewable energy development pipeline – one third of the Australian Government’s 82 per cent 2030 renewable energy target.”
The three wind farms are projected to create approximately 1,000 jobs in construction and maintenance roles.