GE Vernova secures Caribbean gas turbine order [Yahoo! Finance]
GE Vernova Inc. (GEV)
Company Research
Source: Yahoo! Finance
The equipment will be used for Generadora San Felipe Limited's (GSF) new 470MW San Felipe power station in Punta Caucedo, Boca Chica in the Dominican Republic. The move aligns with the nation's climate ambitions and supports the expansion of renewable energy with dispatchable power. The Dominican Republic, a rapidly growing economy in Latin America, has transitioned most of its oil-fired generation capacity to natural gas. Accounting for almost half of the country's energy generation, natural gas is pivotal to the Dominican Republic's energy transition, complementing the growth of renewable energy sources. As the lowest emitting fossil fuel power plants, natural gas-fired combined cycle plants significantly reduce emissions of CO2, SOx, NOx, particulate matter and mercury. Generadora San Felipe general manager Antonio Ramirez stated: “Our new plant, powered by GE Vernova's highly efficient H-Class technology, will support our efforts to deliver less carbon-intensive and mor
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