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Home›Business & Finance›Siemens Gamesa Halts Plans for USD 200 Million Offshore Wind Turbine Blade Factory in US
Business & Finance

November 13, 2023 · about 2 years ago

Siemens Gamesa Halts Plans for USD 200 Million Offshore Wind Turbine Blade Factory in US

Siemens Gamesa has discontinued its plans to build and operate an offshore wind turbine blade manufacturing plant in Virginia, US. The company’s USD 200 million (about EUR 187 million) manufacturing plant was planned to be built at the Port of Virginia’s Portsmouth Marine Terminal. It was intended t

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A photo of the rotor part of a Siemens Gamesa offshore wind turbine

Under a contract signed with Dominion Energy, Siemens Gamesa will supply 176 of its SG 14-222 Direct Drive offshore wind turbines to the CVOW project with the installation scheduled to begin in 2024.

The first monopiles, manufactured by EEW SPC, already arrived at the Portsmouth Marine Terminal.

Once fully operational, the offshore wind farm will be able to generate enough electricity to power over 900,000 homes.

Related Article

LCOE for Coastal Virginia Offshore Wind Project Expected to Be Lower; Dominion in Talks with Potential Project Partner

The change in plans by Siemens Gamesa comes at a time when supply chain issues, raised interest rates, and inflation had major impacts on several offshore wind projects in the US.

At the beginning of November, Danish renewable energy developer Ørsted decided to cease the development of the Ocean Wind 1 and Ocean Wind 2 offshore wind projects in New Jersey, citing supply chain issues and rising interest rates.

In addition to Ørsted, Avangrid, a member of the Iberdrola Group, also terminated power purchase agreement (PPA) last month for its Park City Wind offshore project.

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