GE Vernova announced a new service agreement with Taiwan Power Company (TPC) that will deliver 25 repower upgrade kits for TPC’s 1.5‑MW, 70.5‑meter rotor turbines and a five‑year operations‑and‑maintenance package. The deal marks GE Vernova’s first onshore wind repower contract outside the United States and signals the company’s entry into the Asian wind‑services market.
The contract calls for the delivery of the upgrade kits in the fourth quarter of 2025, with retrofit installation scheduled for 2026‑2027. While the financial value of the contract has not been disclosed, the agreement is expected to contribute to GE Vernova’s service‑revenue growth and provide a new income stream in a region where wind capacity is expanding rapidly.
Strategically, the deal expands GE Vernova’s service portfolio beyond its strong U.S. base, where it has repowered more than 6,000 turbines. With an installed base of roughly 57,000 turbines and nearly 120 GW worldwide, the company is positioning itself to capture a larger share of the global wind‑services market, especially as its wind segment faced high‑single‑digit revenue declines and $400 million EBITDA losses in Q3 2025.
Taiwan is targeting 10 GW of onshore wind capacity by 2035 as part of its decarbonization plan. Repowering existing turbines extends their life and can boost output by up to 10% per unit, aligning with global trends to maximize asset value. The contract places GE Vernova in direct competition with other major repowering providers such as Siemens Gamesa and Vestas, while also leveraging its recent Prolec GE acquisition to strengthen its grid‑equipment and services offering.
Uzair Memon, Chief Commercial Officer for GE Vernova’s Onshore Wind Services, said, “Bringing proven repowering capabilities to customers outside the U.S. for the first time, we are proud to work with TPC to support Taiwan’s energy transition. The deal reinforces how our services capabilities drive lifecycle value for our customers through fleet reliability, technology investment and an integrated global supply chain.”
The agreement provides a much‑needed revenue stream amid a challenging wind‑segment outlook. By adding service revenue from a high‑growth market, GE Vernova can offset the $400 million EBITDA loss forecast for its wind segment and demonstrate the value of its repowering technology in extending turbine life and improving performance.
In summary, the contract positions GE Vernova as a global leader in wind services, supports Taiwan’s decarbonization goals, and establishes a foothold in Asia that could drive future growth in the company’s service‑based business.
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