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GE, Taiwan Power Sign Five-Year Wind Turbine Service Agreement

Stocks in this article: GE

GE (NYSE: GE) and Taiwan Power Company have signed a five-year, full service agreement (FSA) covering 26 GE 1.5-megawatt class wind turbines operating throughout Taiwan. Under the agreement, valued at nearly $11.4 million, GE will provide a full scope of services including planned and unplanned maintenance, repairs and spare parts. The agreement guarantees fleet availability of greater than 95 percent.

“GE’s record of proven service performance was important to us in signing this agreement,” said Chen Yi-Chen, chief of the department of renewable energy, Taiwan Power Company. “We are confident that GE will provide a high level of professional service for our wind turbine fleet, including availability guarantees and predictable expenditures on turbine operation in the years ahead.”

Of the 26 GE wind turbines, 23 are located in Taoyuan County, and three are located in Kenting Township. The fleet contributes more than 110 million kilowatt hours of green electricity to the Taiwan power grid or enough energy for 28,000 Taiwan households.

GE FSAs are complete packages including all planned maintenance activities such as remote monitoring and troubleshooting, routine services, preventative maintenance, on-site support and parts support as well as unplanned maintenance such as up-tower inspection and repair, condition monitoring, turbine performance and life extension solutions.

The FSA provides customers with operational assurance and the opportunity to work with GE to increase annual energy production and reduced cost of electricity.

“With an experienced field team on-site, the wind turbines will be maintained at a high operating level, enabling Taiwan Power to maximize performance and profitability,” said Andy Holt, general manager of wind services for GE. “Whenever there is an issue, GE experts will respond quickly and skillfully, keeping any turbine downtime to a minimum.”

GE service agreements are supported by the company’s vast resources, including global service facilities and a network of skilled, highly trained local technicians that are closely connected to GE’s engineering organization.

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