GE Renewable Energy (NYSE: GE) today announced at the AWEA Windpower Conference that it has repowered 300 wind turbines, the equivalent of adding 75 wind turbines worth of output. The National Renewable Energy Laboratory has estimated that the U.S. repowering market could grow to $25 billion by 2030. With the largest installed base in the US, GE is uniquely positioned to serve this growing market segment.
GE Renewable Energy’s repower program extends the life of onshore wind turbines by a decade or more, making turbines more efficient and reliable while also increasing a wind farm’s performance by up to 25%. As the US wind industry matures, legacy units are old enough to benefit from this lifecycle extension program, which brings new value to wind farm customers through upgrades and technology advancements.
Anne McEntee, GE Renewable Energy Vice President and Services CEO said “The Repower program can include increasing a turbine’s rotor size, and upgrades to the gearbox, hub, main shaft, and main bearing assembly. This is an exciting opportunity to bring new life to older turbines and help them provide even more energy for years to come. Repowering is so much more than simply providing new wind turbine equipment—we’re bringing the entirety of GE to the table for our customers, providing options for servicing, grid solutions, forecasting and tailored financing solutions.” With a global installed base of ~57 GW, GE is also positioned to address the repowering need worldwide. Repowering existing wind turbine technology is a complex endeavor, requiring the ability to blend new technology and equipment with aging machines. GE has the engineering and design expertise to meet such challenges.
“We are pleased to be partnering with GE on our repowering program,” said Armando Pimentel, president and CEO of NextEra Energy Resources. “The GE repower package provides the opportunity to modernize our windfarms, improving the efficiency and increasing the farm output. Repowering ensures our wind turbines not just remain productive, but perform better than ever.”
GE Renewable Energy is a $10 billion start-up that brings together one of the broadest product and service portfolios of the renewable energy industry. Combining onshore and offshore wind, hydro and innovative technologies such as concentrated solar power and more recently turbine blades, GE Renewable Energy has installed more than 400+ gigawatts capacity globally to make the world work better and cleaner. With more than 22,000 employees present in more than 55 countries, GE Renewable Energy is backed by the resources of the world’s first digital industrial company. Our goal is to demonstrate to the rest of the world that nobody should ever have to choose between af-fordable, reliable, and sustainable energy.