GE Vernova Drops 3.05% Amid Wind Power Factory Sale

On May 19, 2025, GE Vernova's stock experienced a 3.05% drop in pre-market trading.

GE Vernova's recent strategic moves have been a focal point for investors. The company announced the sale of its LM Wind Power's leaf blade factory in Goleniow, Poland, to Danish wind energy giant Vestas. This transaction is part of GE Vernova's broader strategy to streamline its operations and refocus on core manufacturing capabilities within the European Union. The factory, located near Szczecin, has been a key supplier of blades for Vestas' onshore turbines, including the V172-7.2MW model.

Vestas' Chief Technology and Operations Officer, Anders Nielsen, highlighted the significance of this acquisition in enhancing Europe's energy security and sustainability. He expressed gratitude for the long-standing collaboration with LM Wind Power and emphasized the strategic alignment that allows the factory to continue operating under Vestas' ownership, contributing to Europe's wind energy development.

Hanif Mashal, CEO of LM Wind Power, echoed the strategic importance of the deal, noting that it will enable the company to simplify its business operations and reinvest funds into core manufacturing capabilities within the EU. This move is expected to better serve EU clients and align with the region's energy transition goals.

Poland's energy transition is creating unique opportunities for the wind energy sector. With the government's recent adjustment of the distance limit between wind turbines and residential areas from 700 meters to 500 meters, the country's onshore wind capacity is projected to reach 41GW by 2040, with offshore wind capacity at 18GW. This regulatory change is expected to drive significant growth in the wind energy market, benefiting companies like GE Vernova that are strategically positioned to capitalize on these opportunities.