Concerned Nantucket residents argue the $10.5M settlement does nothing to protect the interests of taxpayers, calling the agreement a “sweetheart deal” that lets Vineyard Wind and GE Vernova “walk

GE Vernova (NYSE:GEV) agreed to pay a $10.5M settlement to the town of Nantucket, Massachusetts, after one of its offshore wind turbine blades broke apart and washed ashore last year, the Associated Press reported Friday.

Days after the collapse in July 2024, GE Vernova said a manufacturing issue — insufficient bonding — was the reason for the failure.