Wind Energy – Settlement
The Town and County of Nantucket announced a definitive settlement agreement with GE Vernova for $10.5 million to compensate the Town and local businesses for losses resulting from the July 13, 2024, failure of a turbine blade on the Vineyard Wind 1 project.
The incident scattered foam, fiberglass, and other debris along Nantucket’s shores during the height of the summer tourist season.
Under the agreement, Nantucket will establish a Community Claims Fund to provide compensation for economic harm. Nantucket will engage a professional, independent third-party administrator to evaluate claims from local businesses and issue payments.
