COPENHAGEN, DENMARK (April 8, 2025) - GE Vernova’s Wind segment announced today that it has signed an agreement to provide Forestalia with eight of its 6.1 MW-158m* workhorse wind turbines to power a 49 MW wind project in Aragón, Spain. The deal, which was booked in the first quarter of 2025, is part of a framework agreement that the two companies first announced in December of 2023 to support the development of projects in the Aragorn region of Spain.

Spain has a goal of installing 62 GW of wind in the country by 2030, part of its plan to generate over 80 percent of its electricity from renewable resources by the end of the decade.

GE Vernova has a strong presence in Spain, accounting for 5.9 GW of the country’s wind capacity, including 1.5 GW in the Aragorn region. GE Vernova’s Wind segment also has a significant manufacturing footprint, including facilities in Ponferrada and Castellon.

Gilan Sabatier, GE Vernova’s Chief Commercial Officer of onshore wind, international markets said, “We are pleased to continue executing on our framework agreement with Forestalia as they work to help meet Spain’s wind energy goals. Our workhorse turbines are well suited to wind conditions in Spain and across Europe, as customers continue to look to wind power to meet energy demand, bolster energy security, and support renewable energy goals.”

Forestalia promotes, develops and builds projects in wind energy, photovoltaics, electric generation through biomass, and pellet production. Forestalia has driven and participates in a portfolio with an operational capacity of over 2 GW, with a socially responsible vision aligned especially with the rural areas where the facilities are located.

“Forestalia has a growing portfolio in operation and construction, which will exceed an installed capacity of 1.2 GW for direct management in the coming years”, says Carlos Reyero, Forestalia’s CEO.

Among the projects promoted and developed by Forestalia for construction and operation by other operators, notable ones include parks for Repsol, Copenhagen Infrastructure Partners (CIP), Lightsource BP and Bruc Management, totaling more than 4 GW, with the majority already in operation.

GE Vernova's Wind segment has a total installed base of approximately 57,000 turbines and more than 120 GW of installed capacity worldwide. Committed to its customers' success for more than two decades, its product portfolio offers the next-generation high-powered turbines at scale that drives decarbonization through high-quality, affordable, and sustainable renewable energy.

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*Note to Editors: GE Vernova’s 6.1 MW turbine with a 158 meter rotor is what we refer to as the 6.1 MW-158m.

Hamburg, Germany (September 24, 2024) - GE Vernova Inc. (NYSE: GEV) announced today it has signed multiple wind agreements in Spain during the second quarter of 2024. These projects, outlined below, will help support Spain's ambitious renewable energy targets and continue to contribute to the Spanish wind industry, where GE Vernova has the second highest installed base across OEMs according to the Spanish Wind Energy Association.

• ERBI
  For the third time, ERBI has selected GE Vernova for two wind farms in Castilla León, where GE Vernova also has a blade manufacturing facility. GE Vernova will supply and commission a total of 16 units of the company’s 6.1 MW-158m* workhorse wind turbines to the Casa Vieja wind farm and the Pedrejones wind farm, with eight turbines going to each project. Deliveries are expected to start at the end of this year.
   
• Enervent
  GE Vernova will repower one wind farm in Catalonia, Spain, which is also home to one of GE Vernova’s engineering centers of excellence. Les Colladetes wind farm will be upgraded with six of GE Vernova’s 6.1 MW-158M wind turbines. In addition, GE Vernova will provide two new turbines of the same size to the wind farm.
   
• Greenvolt
  GE Vernova will supply, install, and commission five units of GE Vernova’s 6.1 MW-158m for the Barranco del Agua windfarm located in Andalucia, Spain. This marks GE Vernova’s first order with the company.

Gilan Sabatier, Chief Commercial Officer for GE Vernova’s Onshore Wind business in International Markets, said: "We are honored to be entrusted with helping to bring more wind power online in Spain, supporting our customers’ efforts to drive the acceleration of the energy transition. These projects will take advantage of GE Vernova's strong presence in the country where the Company already has more than 4.3 GW in operation, an engineering center of excellence in Barcelona, and two wind turbine blade production factories.”

These agreements reinforce how we can use our workhorse product strategy to provide our customers with proven technology that enables them to build high-quality, high-performance fleets at scale to meet the demands of the energy transition."

GE Vernova's onshore wind business has a total installed base of approximately 56,000 turbines and nearly 120 GW of installed capacity worldwide. Committed to customer success for more than two decades, its product portfolio offers proven, next-generation technology that leads with high-power turbines to enable high-quality scale and drive decarbonization through more affordable and sustainable renewable energy generation. The company’s Cypress platform is the most widely deployed onshore wind turbine above 5MW outside China.

*Note to Editors: GE’s Vernova’s 6.1 MW turbine with a 158 meter rotor is what we refer to as the 6.1 MW-158m.

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About GE Vernova
GE Vernova Inc. (NYSE: GEV) is a purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerator businesses. Building on over 130 years of experience tackling the world’s challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it. GE Vernova helps customers power economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with approximately 75,000 employees across 100+ countries around the world. Supported by the Company’s purpose, The Energy to Change the World, GE Vernova technology helps deliver a more affordable, reliable, sustainable, and secure energy future. Learn more: GE Vernova and LinkedIn.

GE Vernova’s Wind segment is focused on delivering a suite of wind products and services to help accelerate a new era of energy by harnessing the power of wind. The business comprises the Offshore Wind, Onshore Wind, and LM Wind Power businesses. Technologies provided to customers include the Haliade-X platform, our offshore wind turbine, and the next generation high efficiency 3-megawatt onshore wind turbine, as well as maintenance solutions and life extension optionality.

GE Vernova’s mission is embedded in its name – it retains its legacy, “GE,” as an enduring and hard-earned badge of quality and ingenuity. “Ver” / “verde” signal Earth’s verdant and lush ecosystems. “Nova,” from the Latin “novus,” nods to a new, innovative era of lower carbon energy.

BARCELONA, Spain (June 19, 2024) - As countries across Africa continue addressing their respective energy challenges, requiring diverse solutions for unique situations, GE Vernova Inc. (NYSE: GEV) remains committed to keep electrifying and decarbonizing the continent and will be a lead sponsor of the Africa Energy Forum taking place in Barcelona, Spain from June 25 - 28, under the theme Energy Systems of the Future – Balancing Africa’s Needs with Global Goals. The event brings together the continent’s key stakeholders, investors, and future leaders, covering vital areas such as project developments, technology innovations, and cross-sector opportunities and collaborations.

A recent report reveals that about 600 million people in Sub-Saharan Africa – up to 50% of the region’s population – do not have access to electricity. Moreover, power demand is forecasted to grow further by about 3% in 2024, emphasizing the need to balance energy transition aspirations with electricity availability. GE Vernova’s team of industry experts plan to exchange ideas on and share best practices to accelerate the path to more reliable, affordable, and sustainable energy for the continent at several sessions at the Africa Energy Forum, including: Tackling Grid Challenges to Improve Energy Systems; The African Gas Conundrum: Is it a Transitional Enabler or Not?; Investing in Senegal: A World Class Energy Partner; and Leveraging New Technologies to Lower Emissions and Promote Balance Across Energy.

Joseph Anis, President & CEO of Europe, Middle East & Africa for Gas Power at GE Vernova says: “Progress is indelibly linked to uninterrupted power supply in modern society. Investing in reliable and affordable electricity generation is as critical as advancing lower carbon power to support health, connectivity, safety, security, and improved quality of life. Accelerating Africa’s energy transition efforts will require cross-sector collaboration among the public, private, and not-for-profit sectors; the strategic deployment of multiple energy sources, including renewables and gas power; and investments in the grid together with software solutions. These steps can enable substantive reductions in emissions quickly and at scale, while advancing the technologies for low or near-zero carbon power generation and helping to meet the continent’s growing energy needs.”

GE Vernova spun-off from GE (NYSE: GE) and began trading as an independent company on the New York Stock Exchange (NYSE) on April 2, 2024. With approximately 55,000 wind turbines and 7,000 gas turbines globally, the company's technology base helps generate about 25% of the world's electricity and has a meaningful role to play in the energy transition. In Africa, GE Vernova-built technologies comprise up to 40% of installed power generation capacity. The company serves up to 260 customers across the continent and has a legacy of over 120 years of presence in Africa, supporting the development of critical infrastructure. It works across the electricity value chain on the continent, from generation through various power sources including wind, hydro, gas, and more, to providing transmission, distribution, and software solutions.

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About GE Vernova
GE Vernova (NYSE: GEV) is purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerator businesses. Building on over 130 years of experience tackling the world’s challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it. GE Vernova helps customers power economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with approximately 75,000 employees across 100+ countries around the world. Supported by the Company’s purpose, The Energy to Change the World, GE Vernova technology helps deliver a more affordable, reliable, sustainable, and secure energy future.

GE Vernova’s mission is embedded in its name – it retains its legacy, “GEV,” as an enduring and hard-earned badge of quality and ingenuity. “Ver” / “verde” signal Earth’s verdant and lush ecosystems. “Nova,” from the Latin “novus,” nods to a new, innovative era of lower carbon energy. Supported by the Company Purpose, The Energy to Change the World, GE Vernova will help deliver a more affordable, reliable, sustainable, and secure energy future. Learn more: GE Vernova and LinkedIn.

CAMBRIDGE, Mass. (May 28, 2024) – Copenhagen Infrastructure Partners (CIP) and GE Vernova's Onshore Wind division announced today the signing of an agreement worth more than EUR 700 million for the delivery, installation and commissioning of 125 GE Vernova 6.1-158 wind turbines at the Teruel wind project that CIP has been promoting through contracts with the developer in that province and which is expected to start the construction phase shortly. The agreement also includes a 15-year full service contract. The 125 wind turbines will be destined for the Teruel project which, with a combined installed capacity of approximately 760 MW, is expected to become the largest wind farm in Spain, contributing significantly to the acceleration of the energy transition and the decarbonisation of the national electricity system by reducing CO₂ emissions by an expected 320,000 tonnes per year.

CIP has foreseen an investment of around 1 billion euros for the construction of this wind farm, to which a further 1.4 billion euros will be added in operation and maintenance costs throughout the life of the project, according to the socio-economic impact report of the project carried out by an independent consultancy firm.

The order, which was booked by GE Vernova in Q4 of 2023, represents one of the largest contracts for wind projects ever in Spain and is expected to provide a significant boost to the Spanish wind industry.  The project will take advantage of GE Vernova's strong presence in Spain where the Company already has more than 4.3 GW in operation, an engineering center of excellence in Barcelona, and two wind turbine blade production factories. Specifically, the blades for the 125 wind turbines are expected to be manufactured at its plant in Les Coves de Vinromà, Castellón. The wind turbine towers are also expected to be manufactured at other companies' Spanish plants located in Albacete, Burgos and Galicia.

The contract builds on previous agreements through which GE Vernova has previously supplied 490 MW to CIP for onshore wind power in Aragon, Spain.

Vic Abate, CEO of GE Vernova Wind, said: "We are delighted to be able to again support CIP in its goals to bring more wind power online to meet Spain's ambitious renewable energy targets and continue to contribute to the Spanish wind industry. This agreement reinforces how we can use our workhorse product strategy to provide our customers with proven technology that enables them to build high quality, high performance fleets at scale to meet the demands of the energy transition."

Nischal Agarwal, partner at CIP said: "The Maestrazgo cluster is expected to have a very positive socio-economic impact on job creation and on the Aragonese and Valencian economy, but also on the value chain of the entire Spanish wind industry. The wind turbines will be manufactured in production plants located in Spain, such as GE Vernova's plant in Castellón and others from different suppliers in Albacete, Burgos and Galicia, where the towers are expected to be manufactured. The expected impact of investment and job creation figures make the Teruel project a benchmark for the sector in Europe".

The project is only awaiting the Administrative Authorisation for Construction (AAC) in order to start the installation works, with CIP having already committed all the necessary funds to undertake the construction.

The project will enable CIP, which has been developing one of the leading renewable energy project portfolios in Spain for the past five years, to accelerate the achievement of ambitious energy transition targets. In June 2023, the Spanish Ministry for Ecological Transition and Demographic Challenge (MITECO) announced that it aims to produce 62 GW of wind power by 2030, up from a previous target of 50 GW, as part of a broader plan to maximise the amount of the country's electricity generated from renewable sources. In addition, the project is expected to contribute to the maintenance of more than 3,540 jobs, some 400 million euros in taxes, and enough electricity to supply the equivalent of approximately 570,000 homes per year.

GE Vernova's onshore wind business has a total installed base of more than 56,000 turbines and nearly 120 GW of installed capacity worldwide. Committed to customer success for more than two decades, its product portfolio offers proven, next-generation technology that leads with high-power turbines to enable high-quality scale and drive decarbonisation through more affordable and sustainable renewable energy generation. This includes more than 1,200 operational units of its 6 MW platform, the most widely deployed onshore wind turbine among all OEMs offering nameplates above 5 MW.

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About Copenhagen Infrastructure Partners (CIP)
Founded in 2012 in Denmark, Copenhagen Infrastructure Partners (CIP) is today the world's largest fund manager dedicated to renewable energy investments and a global leader in offshore wind. The funds managed by CIP invest primarily in offshore and onshore wind, solar PV, biomass and energy from waste, transmission and distribution, reserve capacity, storage, advanced bioenergy and Power-to-X.

CIP currently manages twelve funds and to date has raised approximately EUR 28 billion for global investments in energy and associated infrastructure from more than 160 international institutional investors. CIP has approximately 500 employees and 12 offices worldwide.

With a presence in Spain for five years and offices and a strong management team in Madrid, CIP has been developing one of the leading portfolios of renewable projects in Spain, in excess of 4 GW. Its portfolio includes the operation and construction of several wind farms in Aragon, including the Monegros project (487 MW of wind power), and some of the most important wind farms in Spain today. It is also the promoter of Catalina, a world-leading large-scale green hydrogen project that will develop combined onshore wind and solar photovoltaic power plants of 1.5 GW and a 500 MW electrolyser, located in Andorra (Teruel), which has just received 230 million euros in the first auction of the European Hydrogen Bank, with CIP having received 66% of the total funds available at European level. This project will position Spain as a pioneer and technological leader in the production and management of green hydrogen. CIP also aims to become a key and very active player in the biogas sector in Spain and is currently developing projects for the production of biomethane in our country. Some of these projects have been declared by the authorities as strategic and of general and regional interest.

For more information, visit www.cip.com

About GE Vernova
GE Vernova Inc. (NYSE: GEV) is a purpose-built global energy company that includes power, wind and electrification segments and is backed by its accelerator businesses. With more than 130 years of experience addressing the world's challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while working to decarbonize it. GE Vernova helps customers power economies and deliver electricity that is vital to health, safety and improved quality of life.

GE Vernova is headquartered in Cambridge, Massachusetts, USA, and has more than 80,000 employees in more than 100 countries around the world. Backed by the company's purpose, Energy to Change the World, GE Vernova technology helps deliver a more affordable, reliable, sustainable and secure energy future. Learn more: GE Vernova and LinkedIn.

GE Vernova's Wind segment is focused on providing a suite of wind products and services to help accelerate a new era of energy by harnessing the power of wind. The business comprises the Offshore Wind, Onshore Wind and LM Wind Power businesses. Technologies provided to customers include the Haliade-X platform, our offshore wind turbine and the next generation 3 megawatt high efficiency onshore wind turbine, as well as maintenance solutions and life extension option.

GE Vernova's mission is embedded in its name: it preserves its heritage, "GE", as a badge of enduring, hard-won quality and ingenuity. "Ver" / "green" points to the lush green ecosystems of the Earth. "Nova", from the Latin "novus", nods to a new and innovative era of low-carbon energy.

Forward Looking Statements
This document contains forward-looking statements, which are statements regarding future events that, by their nature, address matters that are, to varying degrees, uncertain. These forward-looking statements often address the expected future business and financial performance and financial condition of GE Vernova and CIP, and the expected performance of their products, the impact of their services and the results they may generate or produce, and often contain words such as "expect", "anticipate", "intend", "plan", "believe", "seek", "see", "will", "would", "estimate", "forecast", "target", "preliminary", " or "range". Forward-looking statements, by their nature, address matters that are, to varying degrees, uncertain, such as statements about planned and potential transactions, investments or projects and their expected results and the impacts of macroeconomic and market conditions and volatility on business operations, financial results and financial position and on the overall supply chain and the world economy. More information.

ACTUACIÓN COFINANCIADA POR EL GOBIERNO VASCO (DEPARTAMENTO DE DESARROLLO ECONÓMICO, SOSTENIBILIDAD Y MEDIO AMBIENTE) Y LA UNION EUROPEA A TRAVÉS DEL FONDO EUROPEO DE DESARROLLO REGIONAL 2021-2027 (FEDER)

El proyecto de I+D realizado por GE Power Management, S.L. titulado “Optimización del diseño de la red eléctrica y sus componentes para minimizar el impacto ambiental del consumo eléctrico” ha sido cofinanciado por el Gobierno Vasco y la Unión Europea a través del Fondo Europeo de Desarrollo Regional 2021-2027 (FEDER).

OPTIAM es un proyecto que tiene como objeto desarrollar equipos eléctricos innovadores integrando criterios de ecodiseño y herramientas digitales de planificación energética con carácter prospectivo que faciliten la toma de decisiones en el despliegue de nuevos proyectos de generación, distribución y almacenamiento.

Se trata de un proyecto de colaboración de investigación industrial de carácter estratégico plurianual (2023-2025) en la que participan las siguientes entidades y/o agentes de la Red Vasca de Ciencia, Tecnología e Innovación: ORMAZABAL Y COMPAÑÍA, S.L. (líder), INGETEAM POWER TECHNOLOGY, S.A., PRONUTEC, S.A., ACLARA METERS, S.L., GE POWER MANAGEMENT, S.L., EQUIPOS ELÉCTRICOS, S.L., INGURUMENAREN KIDEAK INGENIERÍA, S.L., Fundación Tecnalia Research and Innovation, Ormazabal Corporate Technology, A.I.E., INGETEAM R&D EUROPE, S.L.

Proyecto n.º: ZE-2023/00041

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OPTIAM proiektua

EUSKO JAURLARITZAK (EKONOMIAREN GARAPEN, JASANGARRITASUN ETA INGURUMEN SAILA) ETA EUROPAR BATASUNAK 2021-2027 ESKUALDE GARAPENERAKO EUROPAR FUNTSAREN (EGEF) BITARTEZ KOFINANTZATUTAKO ERAGIKETA

GE Power Management, S.L, ak eginiko “Optimización del diseño de la red eléctrica y sus componentes para minimizar el impacto ambiental del consumo eléctrico” izeneko I + G proiektua, Eusko Jaurlaritzak eta Europar Batasunak 2021-2027 Eskualde Garapenerako Europar Funtsaren (EGEF) bitartez kofinantzatutako eragiketa da.

OPTIAM ekipamendu elektriko berritzaileak garatzea helburu duen proiektu bat da, ekodiseinu irizpideak eta etorkizuneko energia planifikatzeko tresna digitalak integratuz, sorkuntza, banaketa eta biltegiratze proiektu berrien hedapenean erabakiak hartzea errazten dutenak.

Ikerketa industrialeko urte anitzeko (2023-2025) lankidetza-proiektu estrategikoa da, eta Zientzia, Teknologia eta Berrikuntzaren Euskal Sareko erakunde eta/edo eragile hauek hartzen dute parte: ORMAZABAL Y COMPAÑÍA, S.L. (liderra), INGETEAM POWER TECHNOLOGY, S.A., PRONUTEC, S.A., ACLARA METERS, S.L., GE POWER MANAGEMENT, S.L., EQUIPOS ELÉCTRICOS, S.L., INGURUMENAREN KIDEAK INGENIERÍA, S.L., Fundación Tecnalia Research and Innovation, Ormazabal Corporate Technology, A.I.E., INGETEAM R&D EUROPE, S.L.

Proiektua: ZE-2023/00041