September 26, 2024 — The contractor hired by Vineyard Wind to install 62 turbines south of the Island is reporting significant financial losses amid damages to turbine blades in multiple projects, and most recently, they are announcing intentions to downsize while pushing forward with billions of dollars in unfinished work.
GE Vernova, who have contracts to manufacture and install turbines around the world, said last week that they plan to cut as many as 900 jobs.
“The proposal reflects industry wide challenges for wind and aims to transform our Offshore Wind business into a smaller, leaner and more profitable business within GE Vernova,” a spokesperson told The Times in an email statement.
The announcement was made in a report to the European Works Council, which represents workers. Vernova did not specify where the job losses would be felt, but a spokesperson did say that they plan to finish out existing projects, including Vineyard Wind.