Six Takeaways from Wind Turbine Vendor Update: A Conversation with GE Renewable Energy

Below are key takeaways from this week’s webinar.

1. COVID-19 continues to impact both supply chain and construction, requiring more communication with customers, subcontractors and within GE, but products continue to be manufactured, delivered, installed and maintained.
2. The large wind project pipeline in the United States (even prior to the PTC extension) shows that there remains great optimism for the wind industry, despite the current PTC phase-out schedule.
3. The repowering market for wind is growing and providing many benefits, including renewed PTCs, increased energy yield, increased reliability, lowered maintenance cost and the optimization of existing site infrastructure over greenfield development.
4. The trend toward longer blades continues, but logistics remain the largest hurdle to wider deployment.
5. Service agreements are trending toward longer terms with greater flexibility to meet customer needs, including opportunities to align interests with revenue and risk sharing terms.
6. GE is available to support both new and repowering projects with available safe-harbor equipment.

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