Global Infrastructure SherpaGE Vernova invests $200M to expand manufacturing capacity in Hai Phong, Vietnam
GE Vernova announced an investment of approximately $200 million to establish a new manufacturing facility in Hai Phong, Vietnam, within its Electrification Segment. This investment aims to expand manufacturing capacity for large power transformers, primarily for High-Voltage Direct Current (HVDC) projects, supporting global electrification needs and reinforcing a diversified supply chain across Asia. The facility is expected to be fully operational by 2028 and will contribute to GE Vernova's broader transformer manufacturing capacity.
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- $200 million investment in Hai Phong, Vietnam.
- Focus on large power transformers for HVDC projects.
- Facility operational target: 2028.
- Reinforces diversified supply chain across Asia.
Source Intelligence
The new facility will manufacture large power transformers mainly for High-Voltage Direct Current (HVDC) projects, complementing GE Vernova’s existing HVDC transformer manufacturing facilities in Stafford, UK, and India. The project is expected to create approximately 450 jobs by 2030. This investment forms part of GE Vernova’s planned investments of $11 billion in capex and R&D from 2025 through 2028, including $1 billion for Prolec GE from 2026 to 2028.
"GE Vernova has announced an investment of approximately $200 million"
"establishing a new facility in Hai Phong, Vietnam."
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