– Jérôme Pécresse, President & CEO of GE Renewable Energy
Progress on strategic goals
LEAD WITH TECHNOLOGY
- Selected as the preferred turbine supplier for the 3.6 GW Dogger Bank Wind Farm, the largest wind farm in the world. The project — a joint venture between Equinor and SSE Renewables — will provide enough clean, low-carbon energy to power over 4.5 million homes annually, equivalent to around 5% of the U.K.’s estimated electricity generation.
- Chosen by Ørsted, the world-leading offshore wind developer, as the preferred turbine supplier for two of its U.S. offshore wind farms with a combined capacity of over 1.2 GW. The projects in Maryland and New Jersey are expected to be commissioned in 2022 and 2024 respectively.
- Selected as technology supplier for one of the world’s largest grid-scale battery hybrid projects — the 200 MW Solar River Project in South Australia.
BUILD CYPRESS PLATFORM
In 3Q’19, we have booked orders for 120 units of the Cypress turbine which is on track with what we expected earlier this year. Key deals included:
- An order to supply 46 wind turbines to the 244 MW Bango wind farm, the company’s first Cypress-equipped wind farm in Australia.
- A contract to deliver 33 Cypress turbines and a 25-year Full Services Agreement for 175 MW onshore wind farm in Sweden that will sell power to Google — via a Power Purchase Agreement (PPA) — to power Google’s data centers in the region with renewable energy.
- Two projects in Turkey totaling 214 MW. GE will produce the Cypress’ revolutionary two-piece blades at its manufacturing site in Bergama, Izmir, Turkey. Both projects include 10-year full service agreements.
- Onshore core services were up 11% versus prior year, with growth in North America and Europe.
- International orders at $2,819M are up 94% versus prior year, with strong growth in Australia, the Middle East, and Europe.
- Signed an agreement with Copenhagen Infrastructure Partners (CIP) to provide technology and services capabilities to power the 113 MW Monegros onshore wind portfolio in the Aragon region of Spain.
- Celebrated key milestone in commissioning of the largest-ever Kaplan turbine manufactured by GE’s Hydro business in Tianjin, a project with components weighing over 800 tons that will support Unit #1 at the Jinsha hydropower station in China.
LEVERAGE GRID SOLUTIONS
- Expanded its range of Green Gas for Grid, or g3, substation equipment to include all key high-voltage levels by 2025, strengthening GE’s position as the leader in a technology with the potential to reduce the global warming impact of existing switchgear by up to 99%.
- Awarded a contract of over $100M to complete Korea Electric Power Corporation’s (KEPCO) final phase of the Buk Dangjin-Godeok high-voltage direct current (HVDC) transmission link, which serves areas that account for 40% of South Korea’s energy consumption.
- Received a $10M order to make transmission upgrades to India’s West Bengal grid that serves over 91 million inhabitants. The new order is one part of $35M in upgrades the company is making across India using GE’s advanced Gas Insulated Switchgear (GIS) technology.
- Publicly announced plan to make 100% of GE Renewable Energy operations carbon neutral by the end of 2020 by reducing emissions through operational efficiencies, securing renewable electricity supply to all sites, and balancing remaining emissions with the purchase of carbon offsets to achieve a net-zero footprint.
nullLM Wind Power