GE Vernova has signed a multi-megawatt turbine agreement with a wind energy developer in Romania, marking a key milestone in Europe’s renewable infrastructure rollout. The deal underscores growing momentum in Central and Eastern European clean energy projects.
- GE Vernova secured a $220 million contract for 24 wind turbines in Romania.
- Turbines are 5.5 MW models with digital controls and 15-year service agreement.
- Project to deliver 400 GWh/year, powering 150,000 homes.
- Supports GE Vernova’s clean energy transition and revenue visibility through 2028.
- Boosts regional renewable infrastructure in Central and Eastern Europe.
- Positive implications for ENPH, SPWR, and TSLA via supply chain and integration demand.
GE Vernova has secured a firm order for 24 wind turbines to power a new phase of a wind farm located in eastern Romania. The project, part of a broader regional expansion initiative, will utilize GE Vernova’s latest 5.5 MW offshore-optimized turbines, featuring advanced digital control systems and enhanced efficiency for low-wind environments. The agreement, valued at approximately $220 million, includes full supply, installation, and 15-year service support. This long-term commitment strengthens GE Vernova’s revenue visibility into 2028 and supports its strategic pivot toward renewable energy solutions, aligning with EU Green Deal targets for 2030. The wind farm is expected to generate over 400 GWh annually, enough to power roughly 150,000 households. The transaction represents a significant win for GE Vernova (ticker: GEV), which has seen steady growth in its renewable segment despite broader industrial headwinds. The deal comes amid rising European demand for onshore wind capacity, with Romania emerging as a key investment hub due to favorable regulatory frameworks and grid modernization efforts. Investors are noting the contract as a sign of improving execution in the company’s clean tech division. Market participants are also watching for ripple effects across the supply chain. Companies like Enphase Energy (ENPH) and SolarEdge (SPWR), which supply complementary inverters and power electronics, may benefit from increased component demand. Meanwhile, Tesla (TSLA) remains indirectly exposed through its energy storage solutions, which are increasingly integrated into European wind projects to improve grid stability.