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GE Vernova Lands First International Wind Repower Deal in Taiwan

MarketDash Editorial Team
18 days ago
GE Vernova shares climbed over 6% Wednesday after announcing its first onshore wind repower contract outside the U.S., a deal with Taiwan Power Company to upgrade 25 turbines and extend their operational life.

GE Vernova Inc. (GEV) shares rallied Wednesday after the company announced it's taking its wind turbine refurbishment business international for the first time. The deal with Taiwan Power Company (TPC) marks a meaningful expansion beyond the company's established U.S. repower operations.

The Taiwan Deal

GE Vernova and Taiwan Power Company revealed the agreement during the B20 South Africa 2025 Summit in Johannesburg. Under the contract terms, GE Vernova will supply 25 repower upgrade kits for existing 1.5 MW-70.5m turbines, bundled with a five-year operations and maintenance services package.

The timeline is fairly straightforward: first parts ship in the fourth quarter of 2025, with actual retrofit installation happening throughout 2026 and 2027. It's the kind of phased rollout that gives both sides time to work out any kinks before scaling up.

Why Repowering Matters

Wind repowering is essentially giving aging turbines a second life. Instead of scrapping turbines nearing the end of their operational lifespan, you upgrade key components to boost performance and reliability. For Taiwan Power Company, this means squeezing more value from existing infrastructure while generating cleaner electricity at reasonable costs—a win for both the balance sheet and Taiwan's decarbonization targets.

GE Vernova brings serious credibility here, having already repowered over 6,000 wind turbines across the United States. That track record presumably made TPC comfortable being the company's first international repower customer.

"As we bring our proven repowering capabilities to customers outside the U.S. for the first time, we're proud to work with TPC to support Taiwan's energy transition," said Uzair Memon, chief commercial officer for GE Vernova's Onshore Wind Services Business. "The deal also reinforces how our services capabilities drive lifecycle value for our customers through fleet reliability, technology investment and an integrated global supply chain."

Price Action: GE Vernova shares gained 6.68% to $592.09 at the time of publication Wednesday.

Back to News

GE Vernova Lands First International Wind Repower Deal in Taiwan

MarketDash Editorial Team
18 days ago
GE Vernova shares climbed over 6% Wednesday after announcing its first onshore wind repower contract outside the U.S., a deal with Taiwan Power Company to upgrade 25 turbines and extend their operational life.

GE Vernova Inc. (GEV) shares rallied Wednesday after the company announced it's taking its wind turbine refurbishment business international for the first time. The deal with Taiwan Power Company (TPC) marks a meaningful expansion beyond the company's established U.S. repower operations.

The Taiwan Deal

GE Vernova and Taiwan Power Company revealed the agreement during the B20 South Africa 2025 Summit in Johannesburg. Under the contract terms, GE Vernova will supply 25 repower upgrade kits for existing 1.5 MW-70.5m turbines, bundled with a five-year operations and maintenance services package.

The timeline is fairly straightforward: first parts ship in the fourth quarter of 2025, with actual retrofit installation happening throughout 2026 and 2027. It's the kind of phased rollout that gives both sides time to work out any kinks before scaling up.

Why Repowering Matters

Wind repowering is essentially giving aging turbines a second life. Instead of scrapping turbines nearing the end of their operational lifespan, you upgrade key components to boost performance and reliability. For Taiwan Power Company, this means squeezing more value from existing infrastructure while generating cleaner electricity at reasonable costs—a win for both the balance sheet and Taiwan's decarbonization targets.

GE Vernova brings serious credibility here, having already repowered over 6,000 wind turbines across the United States. That track record presumably made TPC comfortable being the company's first international repower customer.

"As we bring our proven repowering capabilities to customers outside the U.S. for the first time, we're proud to work with TPC to support Taiwan's energy transition," said Uzair Memon, chief commercial officer for GE Vernova's Onshore Wind Services Business. "The deal also reinforces how our services capabilities drive lifecycle value for our customers through fleet reliability, technology investment and an integrated global supply chain."

Price Action: GE Vernova shares gained 6.68% to $592.09 at the time of publication Wednesday.