GE Renewable Energy is set to develop the new wind turbine, Haliade-X, for the offshore wind sector.

The company plans to invest more than $400m over the next three to five years to develop and deploy Haliade-X, which will be designed to produce 45% more energy than the existing offshore turbines.

Haliade-X will comprise a 12MW direct drive generator and 63% gross capacity factor.

The 260m tall turbine will also feature 107-metre-long blades and is estimated to generate 67GWh of power annually, which is sufficient enough to power up to 16,000 households and up to one million European households in a 750MW wind farm configuration.

First nacelle of Haliade-X is expected to be supplied for demonstration next year, while the first units of the turbine are expected to be shipped by 2021.

GE Renewable Energy president and CEOJérôme Pécresse said: “The renewables industry took more than 20 years to install the first 17GW of offshore wind.

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“Today, the industry forecasts that it will install more than 90GW over the next 12 years. 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 cost of electricity, thus driving more offshore growth.”

For the development of Haliade-X, GE Renewable Energy will take support of its onshore wind division, the blade expertise of LM Wind Power, as well as its power and aviation units, and other GE divisions.