Enefit Green has reached a settlement with GE Vernova concerning the incident during construction of the Akmene wind farm, resulting in the collapse of a wind turbine.
As a part of the negotiated outcome, Enefit Green and GE Vernova have agreed to a settlement associated with the above incident resulting in contractual adjustment to the Akmene Wind farm Turbine Supply Agreement (TSA) between the parties, including material compensation totaling about €8 million with approximately one half in cash and the remainder in non-cash elements.
Andres Maasing, interim chairman of the management board of Enefit Green comments:
“ The months following the incident have been fast-paced and focused on resolving key steps with GE Vernova, our external technical advisors at DNV, legal advisors at Sorainen, insurance advisors at Marsh and other parties. Our initial priority was to identify the root cause and to ensure the safety of the…
