Vineyard Wind and GE Vernova have reached a settlement ending their legal battle over the major offshore wind development off Massachusetts, removing a source of uncertainty surrounding one of the largest U.S. offshore wind projects. Under the agreement announced Wednesday, GE Vernova withdrew its notice seeking to terminate its involvement in Vineyard Wind, while both sides agreed to dismiss all outstanding legal claims. Financial and other terms of the settlement were not disclosed. The agreement closes a dispute that escalated earlier this year after GE Vernova sought to exit contracts covering turbine construction and maintenance, arguing that it had not been paid more than $300 million for work on the project.
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