GE Vernova to Pay Nantucket $10.5M for Offshore Wind Turbine Blade Failure

Nantucket’s city government has reached a $10.5 million definitive settlement agreement with GE Vernova, the manufacturer of the offshore wind turbine blade that failed in 2024 and littered the coastline with debris. The Town of Nantucket commended GE Vernova for its leadership in reaching the agreement, while it was noted by observers that the developer of the Vineyard Wind farm is not a direct party to the settlement.

A portion of the settlement money will be placed in a third-party...