GE Vernova and wind farm developer Vineyard Wind settled all outstanding litigation. The dispute concerned the Vineyard Wind offshore project in Massachusetts.
GE Vernova withdrew its notice to terminate contracts. Both companies dismissed their pending legal claims.
The specific terms of the settlement remain confidential.
The dispute began when GE Vernova sought to exit the project, claiming over $300 million in unpaid fees.
Vineyard Wind countersued. It argued it withheld payments due to performance issues, including a significant turbine blade failure in July 2024. This failure led to delays and costly replacements.
A court previously blocked GE Vernova's initial attempt to terminate its involvement. The settlement ends the conflict.