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Squadron Energy agrees $1.85bn GE Vernova tie-up

RICHARD HEAP

January 11, 2024

GE Vernova has formed a A$2.75bn ($1.85bn) partnership with Squadron Energy to supply turbines for a multi-gigawatt wind development drive in Australia.

Australian developer Squadron has also started building the 414MW Uungula wind farm near Wellington in New South Wales, which is made up of 69 GE Vernova turbines.

Jason Willoughby, chief executive of Squadron Energy, said: “Once fully operational, this wind farm will prevent more than 560,000 tonnes of carbon emissions being released into the atmosphere annually, playing an important role in addressing climate change.”

Squadron is also set to start work on two further wind projects: the 700MW Spicers Creek and 400MW Jeremiah schemes. The firm is a wholly-owned subsidiary of Australian investment firm Tattarang.

Vic Abate, senior vice president and chief technology officer at GE Vernova, said: “This alliance is a prime example, with Australia securing access to GE Vernova’s technology base and accelerating the path to more reliable, affordable, and sustainable energy.”

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