General Electric Continues to Expand Renewable Energy Presence in Spain\n\nGeneral Electric Company’s GE unit, GE Vernova, has recently signed a framework deal with Forestalia for the installation of onshore wind turbines in Spain. This deal supports Spain’s efforts to shift towards renewable sources of energy and will attract similar projects in 2024. The collaboration between GE and Forestalia is built on a prior deal signed in 2016 and further strengthens the company’s presence in the region.\n\nUnder the deal, GE will supply approximately 693 megawatts of wind turbines in 16 different project sites across the country’s Aragon region. The company will install a total of 110 units of 6.1-158 wind turbines in the Zaragoza region in six phases. The first phase, which is already in progress, will see 33 units of wind turbines being constructed at five wind farms. The delivery of the turbine units will be completed by the end of 2024.\n\nThis not only highlights the company’s strong fundamentals, but also showcases its commitment to sustainable energy solutions. The collaboration with Forestalia is a testament to GE’s expertise and capabilities in the renewable energy sector.\n\nIn addition to this deal, General Electric has recently secured several other contracts, including a deal to deliver wind turbines for a project in India and orders for gas turbines in China. These deals are expected to drive the company’s growth and further solidify its position as a leader in the energy industry.\n\n The challenges posed by the pandemic, General Electric has seen impressive results through its strategic initiatives. This not only reflects the company’s resilience, but also its ability to adapt and thrive in a changing market. As the world continues to shift towards sustainable energy solutions, General Electric is well-positioned to capitalize on this trend.
“General Electric Continues to Expand Renewable Energy Presence in Spain\n\nGeneral Electric Company’s GE unit, GE Vernova, has recently signed a framework deal with Forestalia for the installation of onshore wind turbines in Spain. This deal supports Spain’s efforts to shift towards renewable sources of energy and will attract similar projects in 2024. The collaboration between GE and Forestalia is built on a prior deal signed in 2016 and further strengthens the company’s presence in the region.\n\nUnder the deal, GE will supply approximately 693 megawatts of wind turbines in 16 different project sites across the country’s Aragon region. The company will install a total of 110 units of 6.1-158 wind turbines in the Zaragoza region in six phases. The first phase, which is already in progress, will see 33 units of wind turbines being constructed at five wind farms. The delivery of the turbine units will be completed by the end of 2024.\n\nThis not only highlights the company’s strong fundamentals, but also showcases its commitment to sustainable energy solutions. The collaboration with Forestalia is a testament to GE’s expertise and capabilities in the renewable energy sector.\n\nIn addition to this deal, General Electric has recently secured several other contracts, including a deal to deliver wind turbines for a project in India and orders for gas turbines in China. These deals are expected to drive the company’s growth and further solidify its position as a leader in the energy industry.\n\n The challenges posed by the pandemic, General Electric has seen impressive results through its strategic initiatives. This not only reflects the company’s resilience, but also its ability to adapt and thrive in a changing market. As the world continues to shift towards sustainable energy solutions, General Electric is well-positioned to capitalize on this trend.”$GE2023-12-22T06:24:36.514Z
