The giant machine, that’ll come into use by 2024, will compete with the skyscraper-sized turbines already on sale by its competitors. The industry is racing to produce increasingly larger machines that generate wind power more efficiently and at a lower cost.

Vestas’s new turbine will be 15 megawatts. That matches the potential capacity of Siemens Gamesa Renewable Energy SA, while General Electric Co’s Haliade-X machine has a capacity of 14 megawatts. Both stand hundreds of feet tall.

Vestas expects to install a prototype of the new machine next year. Mass production will happen by 2024, the company said in a statement.

Each blade on the turbine will measure 115.5 meters (379 feet) long, giving it a total height of 261 meters. That’s bigger than the 108 meter-long blades on Siemens Gamesa’s machine, which previously held the record. Vestas said each turbine could generate enough power for 20,000 households a year.