Concerned Nantucket residents argue the $10.5M settlement does nothing to protect the interests of taxpayers, calling the ...

GE Vernova agreed to pay a $10.5M settlement to the town of Nantucket, Massachusetts, after one of its offshore wind turbine ...

Nearly a year after a turbine blade failure scattered debris along the shores of Nantucket, GE Vernova has agreed to pay the town $10.5 million in compensation. In July 2024, a blade from Vineyard ...

In a first-of-its-kind agreement, Nantucket has secured a $10.5 million settlement from GE Vernova over last year’s wind ...

This is a solid number to cover the community, and I’m very pleased with the results,” Select Board member Brooke Mohr said.

The settlement will allow the town to create a fund to compensate local businesses for their losses, officials said.

GE Vernova will pay Nantucket $10.5 million after a turbine blade failure at Vineyard Wind 1 scattered debris during peak tourist season.

One year ago on Sunday, a 351-foot turbine blade at the Wind offshore wind site fractured, spilling debris into local waters and disrupting the project for months, casting new uncertainty and even ...

Town officials say the $10.5 million settlement will help offset business losses after a broken turbine blade spread debris ...

The settlement includes the creation of a fund to compensate businesses for lost profits caused by the debris.

Fiberglass fragments of the blade began washing ashore last summer during the peak of tourist season after pieces of the wind ...