MILAN, Italy, March 5, 2026, 20:11 CET
- GE Vernova has landed a deal to provide 17 onshore wind turbines to IVPC Group’s Fortore wind farm, located in southern Italy. Turbine deliveries are scheduled to begin in 2027.
- Roughly 50 jobs are coming to the Sesto San Giovanni site, where the company is putting around $30 million into boosting transformer-component production.
- Shares of GE Vernova slipped roughly 4% in U.S. trading Thursday.
GE Vernova will provide 17 onshore wind turbines to Italy’s IVPC Group for the Fortore wind farm in Benevento, a project topping 100 megawatts. Turbine shipments are slated to start in the second quarter of 2027. The two companies also plan ongoing maintenance collaboration.
Developers are scrambling for auction wins to secure both revenue streams and turbine manufacturing slots, a priority for sites able to clear Italy’s strict logistics and permitting hurdles. GE Vernova’s wind division is pushing a two-piece blade for its 6.1 megawatt turbines, touting the design as a way for operators to hit “complex” project locations and keep a competitive edge in upcoming tenders. GE Vernova
Just a day ago, GE Vernova announced plans to pour roughly $30 million into expanding its Sesto San Giovanni electrification plant outside Milan, aiming to ramp up output of transformer bushings—those key insulating parts that keep high-voltage gear operating safely. “Sesto San Giovanni plays a central role in our global bushing manufacturing footprint,” said Philippe Piron, who heads the Electrification segment at GE Vernova. GE Vernova
GE Vernova slipped roughly 4.1% to $806.50 in Thursday’s U.S. afternoon session, having hit $848.52 earlier.
GE Vernova’s deal for the Fortore project features a tailored operations and maintenance setup. IVPC will handle certain daily “transactional” tasks, taking a hands-on role. “We continue to choose GE Vernova for the flexibility of its service model,” said Oreste Vigorito, IVPC’s owner and president. Renewables Now
The agreement lands GE Vernova once more in Italy’s jam-packed wind turbine space, a sector dominated by intense competition over auction-driven contracts and upgrades. Vestas, meanwhile, reported in late December it had secured a 102-MW order from Edison covering two Italian onshore wind sites, with delivery and commissioning on track for the last quarter of 2026.
GE Vernova is expanding its Sesto San Giovanni facility, targeting new lines for advanced dry-type bushings—think resin-impregnated paper and synthetic versions—handling up to 245 kilovolts. The move slots into a broader $11 billion commitment to capex and R&D over 2025-2028, with additional spending earmarked for grid hardware and High-Voltage Direct Current (HVDC), the backbone for moving electricity over long distances.
Still, the wind deal and the planned factory expansion both carry significant execution risk. GE Vernova isn’t scheduled to begin deliveries for Fortore until 2027. The company has already cautioned investors: installation delays at Massachusetts’ Vineyard Wind project could trim wind revenue this year and squeeze the wind backlog.
GE Vernova, based in Cambridge, Massachusetts, spans three main segments: Power, Wind, and Electrification, with a workforce of around 85,000 across nearly 100 countries, according to the company.
Right now, Italy is focused on locking in future business: turbines, maintenance hours, and those elusive grid parts. The market, meanwhile, is watching to see if supply chains and timelines hold up.
