GE Vernova could not pivot NY offshore wind projects to smaller turbines before cancellations, CEO says

Reuters04-25

NEW YORK, April 25 (Reuters) - Power services company GE Vernova could not reach an agreement to supply smaller turbines for three New York offshore wind developments before the projects' contracts were canceled, GE Vernova CEO Scott Strazik told Reuters on Thursday.

Last week, New York abandoned contracts it had awarded for three major offshore wind developments, with state officials largely blaming the cancellations on GE Vernova's decision to scrap its 18 megawatt turbine plans, which the wind farm developers had planned to use.

"We just collectively, as a system, couldn't get it across the line on the those projects in that auction," Strazik said.

(Reporting by Laila Kearney Editing by Ros Russell)

((Laila.kearney@thomsonreuters.com; (917) 809-0054;))

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