Utility Dive•about 1 month ago
GE Vernova expects to end 2025 with an 80-GW gas turbine backlog that stretches into 2029
- •GE Vernova anticipates an 80 GW gas turbine backlog by the end of 2025, with deliveries extending into 2029.
- •Gas turbine reservations are expected to be fully booked through 2030 by the end of 2026, indicating extremely long lead times for new equipment.
- •This strong demand for gas turbines suggests a tightening market for dispatchable generation, potentially leading to higher equipment costs and project delays for developers.
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