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GE Vernova Shares Fall After Turbine Blade Failure at Offshore Wind Farm
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GE Vernova Shares Fall After Turbine Blade Failure at Offshore Wind Farm
Aug 25, 2024 9:51 AM

01:55 PM EDT, 08/23/2024 (MT Newswires) -- GE Vernova ( GEV ) shares were down over 1% in recent trading Friday, partially recovering from a sudden selloff, after a blade from one of its turbines failed at the Dogger Bank A offshore wind farm in the UK.

No person was injured due to the incident, Dogger Bank said in a statement on its website Thursday. Dogger Bank is a joint offshore wind project of SSE Renewables, Equinor and a subsidiary of Eni.

GE Vernova ( GEV ) has initiated an investigation into the cause of the blade failure at the construction site, the statement added. The wind turbine manufacturer has had two similar incidents at two separate wind projects in recent months, Reuters reported earlier.

GE Vernova ( GEV ) and Dogger Bank did not immediately respond to a request for comment from MT Newswires.

Price: 183.41, Change: -2.59, Percent Change: -1.39

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