GE Vernova has secured a €700m ($760.8m) contract from Copenhagen Infrastructure Partners (CIP) to supply turbines for a 760MW wind project in Spain.

The project involves the delivery, installation and commissioning of 125 GE Vernova 6.1-158 units for the Maestrazgo cluster of the Teruel wind project.

The contract encompasses a 15-year full-service agreement.

CIP anticipates an investment of €1bn ($1.08bn) for the wind farm’s construction, with an additional €1.4bn ($1.52bn) earmarked for operation and maintenance over the project’s lifespan.

The wind farm is expected to reduce carbon dioxide emissions by 320,000t annually.

The turbine blades for the 125 units are set for production at GE Vernova’s facility in Les Coves de Vinroma, Castellon, with the towers likely to be manufactured at other Spanish plants in Albacete, Burgos and Galicia.

GE Vernova Wind CEO Vic Abate stated: “We are delighted to be able to again support CIP in its goals to bring more wind power online to meet Spain’s ambitious renewable energy targets and continue to contribute to the Spanish wind industry.

“This agreement reinforces how we can use our workhorse product strategy to provide our customers with proven technology that enables them to build high quality, high-performance fleets at scale to meet the demands of the energy transition.”

CIP partner Nischal Agarwal stated: “The Maestrazgo cluster is expected to have a very positive socio-economic impact on job creation and on the Aragonese and Valencian economy [and] also on the value chain of the entire Spanish wind industry.

“The wind turbines will be manufactured in production plants located in Spain, such as GE Vernova’s plant in Castellón and others from different suppliers in Albacete, Burgos and Galicia, where the towers are expected to be manufactured.

“The expected impact of investment and job creation figures make the Teruel project a benchmark for the sector in Europe.”