Vineyard Wind Sues GE Renewables to Save $4.5B Offshore Wind Project

1 min read
Source: Nantucket Current
Vineyard Wind Sues GE Renewables to Save $4.5B Offshore Wind Project
Photo: Nantucket Current
TL;DR Summary

Vineyard Wind has finished construction on the Nantucket-area offshore wind farm but faces collapse risk after suing GE Renewables to prevent the supplier from backing out; GE says unpaid bills exceed $300M and has terminated the contract, while Vineyard Wind claims more than $545M in expenses tied to defective blades and warns that losing GE could stall commissioning, trigger loan defaults, and imperil financing for the $4.5B project.

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