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.

This is a solid number to cover the community, and I’m very pleased with the results,” Select Board member Brooke Mohr said.

The Town and County of Nantucket and GE Vernova have signed a $10.5 million settlement agreement for losses resulting from 2024