The collapse sent fiberglass debris into the ocean and onto Nantucket beaches. GE Vernova said a manufacturing issue was the reason for the failure.

The maker of a massive wind turbine blade that broke apart off Nantucket Island and washed up on beaches for months has agreed to a $10.5 million settlement to pay local businesses for their economic losses,

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.