GE Renewable Energy has revealed its plan to build a new powerful offshore wind turbine called Haliade-X.

Equipped with a 12MW direct drive generator, the new wind turbine will be designed to generate 45% more energy compared to the existing wind turbines available in the market.

For creation and deployment of Haliade-X, the company will invest more than $400m over the next three to five years.

“The renewables industry took more than 20 years to install the first 17GW of offshore wind. Today, the industry forecasts that it will install more than 90GW over the next 12 years,” said GE Renewable Energy president and CEO Jérôme Pécresse.

“This is being driven by lower cost of electricity from scale and technology. The Haliade-X shows GE’s commitment to the offshore wind segment and will set a new benchmark for the cost of electricity, thus driving more offshore growth.”

“Today, the industry forecasts that it will install more than 90GW over the next 12 years.”

With 12MW direct drive generator and 107m long blades, the new Haliade-X will be placed on the 260m tower over the sea and will have the capacity to generate 67GWh of clean energy.

Using Haliade-X, the company aims to generate more power with fewer wind turbine structures, thereby reducing the installation and maintenance costs.

GE chairman and CEO John Flannery said: “We want to lead in the technologies that are driving the global energy transition. Offshore wind is one of those technologies and we will bring the full resources of GE to make the Haliade-X program successful for our customers.”

For designing and building the Haliade-X platform, GE will be collaborating with all the teams operating under the GE portfolio.

The company intends to demonstrate its first nacelle in 2019 and ship the first units in 2021.