GE And Forestalia Sign Collaborative Agreement To Install Up To 693 MW Of Wind Energy In Spain
Portfolio Pulse from Benzinga Newsdesk
GE Vernova, a segment of GE, has signed a framework agreement with Forestalia to install up to 693 MW of onshore wind turbines in Aragon, Spain. The agreement includes 110 GE 6.1-158 turbines across 16 sites, with the first phase of 33 turbines already in progress. This deal extends GE's wind energy presence in Spain and contributes to the country's energy transition and decarbonization efforts. Deliveries are scheduled to be completed by the end of 2024, and the partnership also includes GE's first European PPA signed in 2022.
December 14, 2023 | 2:02 pm
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GE Vernova has entered into a significant agreement with Forestalia to install wind turbines in Spain, which will likely enhance GE's renewable energy portfolio and support its carbon neutrality goals.
The agreement with Forestalia is directly related to GE's renewable energy business and is expected to have a positive impact on the company's growth in the renewable sector. The deal signifies GE's ongoing commitment to expanding its renewable energy footprint and achieving carbon neutrality, which is likely to be viewed positively by investors and could lead to a short-term increase in stock price.
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