GE Vernova Inc. (NYSE:GEV) gained 4.8% on Wednesday after revealing that it has secured its first international onshore wind repowering contract, partnering with Taiwan Power Company (TPC) to upgrade aging turbines.
The agreement—announced at the B20 South Africa 2025 Summit in Johannesburg—calls for GE Vernova to deliver 25 repower upgrade kits for TPC’s GE Vernova 1.5 MW-70.5m turbines in Taiwan. The package also includes a five-year operations and maintenance services contract. Until now, the company’s repowering activity has been concentrated in the U.S., where it has modernized more than 6,000 wind turbines.
The order was logged in the third quarter of 2025. GE Vernova expects to begin shipping initial components in the fourth quarter, with retrofit work scheduled to run through 2026 and 2027.
Repowering extends the useful life of turbines nearing the end of their original operating cycles by upgrading components for enhanced performance, reliability, and energy output. The project will allow TPC to continue producing renewable electricity while optimizing its existing infrastructure.
“As we bring our proven repowering capabilities to customers outside the U.S. for the first time, we’re proud to work with TPC to support Taiwan’s energy transition,” said Uzair Memon, Chief Commercial Officer for GE Vernova’s Onshore Wind Services Business.
The news also dovetails with recommendations laid out in the Energy Mix & Just Transition policy paper released at the B20 Summit, which emphasized the need for countries to scale and modernize energy systems.
GE Vernova currently operates a global fleet of approximately 57,000 turbines, representing nearly 120 GW of installed wind capacity.