Overview
- GE Vernova will supply 25 upgrade kits for its 1.5 MW‑70.5m turbines along with a five‑year operations and maintenance package.
- Initial parts shipments begin in the fourth quarter of 2025, with retrofit installation slated for 2026 through 2027.
- The agreement was announced at the B20 South Africa 2025 Summit in Johannesburg, where CCO Uzair Memon emphasized support for Taiwan’s energy transition.
- GE Vernova shares jumped roughly 6% to 7% intraday on Wednesday following the announcement, based on reported market data.
- The contract leverages the company’s record of repowering over 6,000 U.S. turbines and a global base of about 57,000 units that could drive higher‑margin service revenue.