Episodios

  • Nordex U.S. Turbine, Sierra Leone INvestment, €2M to Modvion
    Jul 29 2024
    Nordex has announced the N169 5. X turbine, specifically designed for the American market. Infinity Power, a joint venture between Egypt's Infinity and Abu Dhabi's Masdar, has outlined a plan to develop one gigawatt of renewable energy projects in Sierra Leone by 2033. Modvion has received a €2 million investment from CMPC Ventures, the innovation arm of the Chilean forestry company CMPC. Sign up now for Uptime Tech News, our weekly email update on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard's StrikeTape Wind Turbine LPS retrofit. Follow the show on Facebook, YouTube, Twitter, Linkedin and visit Weather Guard on the web. And subscribe to Rosemary Barnes' YouTube channel here. Have a question we can answer on the show? Email us! Pardalote Consulting - https://www.pardaloteconsulting.comWeather Guard Lightning Tech - www.weatherguardwind.comIntelstor - https://www.intelstor.com Allen Hall: I'm Allen Hall, president of Weather Guard Lightning Tech. And I'm here with the founder and CEO of IntelStor, Phil Totaro, and the chief commercial officer of Weather Guard, Joel Saxum. And this is your News Flash. News Flash is brought to you by our friends at IntelStor. If you need market intelligence that generates revenue, then book a demonstration of IntelStor at IntelStor. com. First up, German wind turbine manufacturer Nordex has announced a new addition to its product line, specifically designed for the U. S. market. The N169 5. X turbine boasts a rotor diameter of 169 meters and can generate up to 5. 5 megawatts of power. This new model is optimized for regions with low to medium wind speeds and limited grid capacity. Okay, Phil. Nordex must be seeing a market develop in the United States and they developed a turbine for that. What's their ability to build that turbine in the United States? Philip Totaro: First of all, let's look at why they're doing this in the first place. So, About six or seven years ago, I had spoken to some of their product folks and said, Hey, look at this Acciona three megawatt, 140 meter rotor product that they had. And this was just after the merger, before they started designing this Delta platform that they got. That product, fit a gaping hole in the US market where they needed something low wind speed at a higher average power rating than, the 1. x and, the stuff that we had in the market. And it's actually what led GE to also go in that direction and develop something that was a 3 megawatt 140. It evolved into a 3. 6 154. Vestas launched last year, and they've been installing recently the V163 4. 5. So, this new Nordax turbine is based off of their Delta 4000 platform, which, for those that don't know, that's their N149, their N163, 155. That's between, 4. 5 and, and five megawatts. What they're doing with this is besides having a longer rotor, which gives them access to lower wind speed sites, they're leveraging the. Supply chain infrastructure that's already in place. So they've got, generators, they got electrical equipment converters, controllers, et cetera, that fit that kind of, 4 to 5 megawatt product range where they'd be able to leverage that supply chain for this product. They are, probably going to be building these in addition to what they already publicly announced with restarting their factory in Iowa. They're probably going to be building these in Iowa as well and it looks like they will be able to take advantage of some of the domestic content. Bonuses for the production tax credit and potentially even some of the Manufacturing tax credits as well. So I think all in all a great fit for a market need. Joel Saxum: And this comes at the same time as Nordex is making moves in the United States outside of offering this new product They also input a new CEO of Nordex is North American operations Manav Sharma on June 1st of this year. So, Nordex making some moves,
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  • Pearce Renewables Training Center: Expert Wind Instruction
    Jul 25 2024
    Allen Hall and co-host Joel Saxum discuss Pearce Renewables' new state-of-the-art training facility in Dallas, Texas with John Hornbeck and Travis Dees. Pearce is addressing the growing demand for skilled wind turbine technicians through innovative hands-on training methods, including the use of real equipment and cross-training opportunities across renewable energy sectors. Learn more at https://www.pearce-renewables.com/training/. Sign up now for Uptime Tech News, our weekly email update on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard's StrikeTape Wind Turbine LPS retrofit. Follow the show on Facebook, YouTube, Twitter, Linkedin and visit Weather Guard on the web. And subscribe to Rosemary Barnes' YouTube channel here. Have a question we can answer on the show? Email us! Pardalote Consulting - https://www.pardaloteconsulting.comWeather Guard Lightning Tech - www.weatherguardwind.comIntelstor - https://www.intelstor.com Allen Hall: Welcome to the Uptime Wind Energy Podcast. I'm your host, Allen Hall, along with my co host, Joel Saxum. The wind energy sector is booming, and the Bureau of Labor Statistics predicts wind turbine service technicians will be the fastest growing job this decade. But with great growth comes a need for skilled workers, and training enough qualified technicians is vital to keep wind farm projects up and running. Pearce Renewables has been a leader in technician training, and they recently opened a new training facility in Dallas, Texas. And if you're not familiar with Pearce Renewables, and boy, you're missing out. They are the largest ISP in the U. S., and they have a great need for well trained technicians. Our guests are John Hornbeck, Manager of Learning Organizational Development, and Travis Dees, Senior Vice President of Operational Support. John and Travis, welcome to the show. Travis Dees: Thank you, Al. Happy to be here. Allen Hall: Joel and I visited your brand new, fancy training facility in Dallas, Texas. Man, is that thing impressive. Joel Saxum: Yeah, we were there while you guys were still building things, right? You had people climbing around, you were installing TVs and stuff. And at that time it was impressive. We walked in, we're like, wow, look at this place. Look at the size of it. The, I think that to be honest with you, the layout of the training rooms and everything. There's a lot of things going on there. You've got capabilities to run people through a lot of different training mechanisms as well. Travis Dees: Yeah, when we started the design in the facility, it was trying to build for the future, not for what our needs were today, right? As you said before, we're growing very quickly and the need for technicians is definitely upon all of us, but us specifically. Making sure they're trained and equipped properly before they go out in the field is our goal. We're trying to build a facility, not just in Texas, but other places as well. Starting in Texas and growing our California facility where the technicians actually want to come. They come there to get their training, but we want them to want to come back. I want them to go to the field, get some hours under their belt, and be like, hey, when do I get to go back to Dallas and hang out at that place? That place was cool, the trainers are great, they're really informative. We're trying to set out, for an awesome vibe. We want it to be. something that our people are proud of. Therefore they take that with them in the field and they, it rubs off on our other technicians and it's building our culture. You know what I mean? Like it's the, we have one opportunity to shine for our employees and this was our opportunity. So we took it and working with, incense and other companies to get all of the equipment inside of the facility was amazing. They designed an awesome jungle gym when I call it, man,
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  • Wind Energy Conferences: Are They Worth it?
    Jul 24 2024
    Rosemary just got back from a conference and, like many of us recently, feels discouraged. Attendees and meetings were insightful, but the presentations and panels lacked impact. Allen has often felt the same. The two unpack their issues with recent wind energy conferences and discuss possible solutions to make them more valuable. Sign up now for Uptime Tech News, our weekly email update on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard's StrikeTape Wind Turbine LPS retrofit. Follow the show on Facebook, YouTube, Twitter, Linkedin and visit Weather Guard on the web. And subscribe to Rosemary Barnes' YouTube channel here. Have a question we can answer on the show? Email us! Pardalote Consulting - https://www.pardaloteconsulting.comWeather Guard Lightning Tech - www.weatherguardwind.comIntelstor - https://www.intelstor.com Allen Hall: Welcome to the special edition of the Uptime Wind Energy Podcast. I'm your host, Allen Hall, along with my great co host, Rosemary Barnes, who is just back, fresh back from the Australia Wind Energy 2024 Conference in, of all places, Melbourne, Australia. And Rosemary and I were just talking offline about some of the proceedings and the events that happened in Melbourne, and I thought it'd be a good discussion to get out into the greater uptime audience. Rosemary, first off, welcome back, and can you give us just a couple of just top level what was going on in Melbourne australia at this wind energy conference? Rosemary Barnes: Yeah, it was actually really focused on offshore wind this time. We I would say two thirds, three quarters, maybe more of the sessions were like explicitly about offshore wind, it seemed, and when it wasn't explicitly about it, then people were trying to shoehorn it in, which. On the one hand, it makes sense because that's the, next big exciting thing coming. But on the other hand, we have literally zero offshore wind currently, and we have many things that could be improved with our current onshore wind rollout. I did think that there, it was a bit unbalanced in that way. This conference, it was amazing in terms of everybody shows up to it. I, I think I was just back to back meetings the entire time really targeted at all the people that I, Wanted to talk to for, the various projects that I've got going on. So in that sense, it was incredibly successful and and had a great time. But yeah, when I did find the time to step into some of the presentations, which is what you pay for after all, it's 1, 500 for two days. And yeah, the sessions that I went to, they're just getting. Worse and worse. It feels less and less like anybody cares what the experience is like for the attendees, what they might be hoping to get out of it. And it's just purely about extracting money from everybody, extract money from the exhibitors, extract money from the sponsors, extract money from the keynote speakers. People don't realize that the keynote speakers are all, they're all paying to stand up there and speak to you like, like a lot. Yeah, pretty significant amount. And some of them are good, but you don't know ahead of time. And for the most part, people pay their 10 grand or whatever it is and stand up there and give you a sales pitch. And that's not valuable to the majority of the audience. Yeah, another complaint just on the panel discussions. The panels are just way too big. You have a panel with 10 different people on it you spend half of the session just introducing everybody and then they've got to give their little pitch about their company because they've got to get something out of it. And then, yeah, there's not, there's too many people to have an actual discussion, usually not many, or maybe not any questions from the audience, certainly not addressed in a meaningful way. And you have sessions like a session on, it sounds like it should be interesting session on supply chai...
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  • Vineyard Wind GE Blade Failure, Mechanix Wear TRACK Program
    Jul 23 2024
    A blade has failed at the Vineyard Wind Farm off the coast of Nantucket--what will the fallout be? How is GE responding? Will this effect the US Presidential Election? Plus a warning about electrostatic eliminators and mid-blade lightning protection: they don't work. And Mechanix Wear's TRACK (Trial Research and Collaboration Kit) program offers on-site assessments to identify specific hand protection needs for employees. NextEra's Walleye Wind Farm in Minnesota is our wind farm of the week! Visit AMI's website to book a spot at the Wind Turbine Blades conference! Sign up now for Uptime Tech News, our weekly email update on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard's StrikeTape Wind Turbine LPS retrofit. Follow the show on Facebook, YouTube, Twitter, Linkedin and visit Weather Guard on the web. And subscribe to Rosemary Barnes' YouTube channel here. Have a question we can answer on the show? Email us! Pardalote Consulting - https://www.pardaloteconsulting.comWeather Guard Lightning Tech - www.weatherguardwind.comIntelstor - https://www.intelstor.com Allen Hall: Welcome to the Uptime Wind Energy Podcast. I'm AllenHall, and I'll be bringing you this week's top stories in the wind energy sector. Siemens Gamesa has secured a 1. 2 billion euro line of green guarantees from the Spanish government and major banks. This support comes at a crucial time for the wind energy subsidiary of Siemens Energy, which has been grappling with financial challenges. The Spanish export credit insurance company and a banking syndicate led by BBVA and BNP Paribas are backing this initiative. The Spanish state is providing a 50 percent guarantee, up to 600 million euros. Sharing the risk with the guarantor banks. This line of guarantees is designed to support Siemens Gamesa's projects in technical guarantees, allowing the company to execute its substantial order backlog of 40 billion euros in the wind business. We now turn our attention to the competitive landscape in the U. S. offshore wind market. Siemens Gamesa is currently leading the pack with a commanding 57 percent share of the order pipeline for offshore wind projects that have already selected a supplier. This translates to six projects with a capacity of Denmark's Vestas follows in second place with a 32 percent share, while U. S. based GE Vernova rounds out the top three with 11 percent. Shifting gears to labor news, approximately 300 workers at a Siemens Gamesa wind turbine factory in Hull, England, Are being balloted for a potential strike. The dispute centers around a pay offer that the Unite Union claims amounts to a real terms pay cut. The union warns that a strike could cause significant disruption to production. The Unite Union argues that the workers' pay has fallen in real terms since 2018, due to below inflation increases and a performance related bonus scheme. The hull factory specializes in constructing 108 meter long blades. In technology advancements, Orsted has successfully tested a new lower noise installation method for offshore wind foundations in Germany. The groundbreaking technology could revolutionize the way offshore wind foundations are installed. The new method, tested at Goda Wind III Offshore Wind Farm, uses a patented jetting technology attached to the monopile. This allows the foundation to sink into the seabed, replacing conventional installation methods such as pile driving. The result is a substantial decrease in underwater noise levels, with a reduction of 34 decibels compared to most commonly used installation methods. This installation not only enhances marine life protection, but also has the potential to make installations more efficient and cost effective. On the equipment front, German company Emitech is launching a new wind turbine blade turning unit designed to facilitate easier on site service and maintenance.
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  • Siemens Gamesa €1.2 Billion Credit, Masdar Acquires Stake in Endesa, Leeward Renewable Energy Receieves Financing
    Jul 22 2024
    Siemens Gamesa has received a €1.2 billion line of 'green' guarantees from the Spanish government along with a group of major banks. Masdar is finalizing a deal with Endesa to acquire a 49 percent stake in their 2, 000 megawatt renewable energy portfolio. Leeward Renewable Energy has secured $1.25 billion in financing for its construction warehouse facility. The Welsh government has established Trydan Gwyrdd Cymru, a publicly owned renewable energy developer. Sign up now for Uptime Tech News, our weekly email update on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard's StrikeTape Wind Turbine LPS retrofit. Follow the show on Facebook, YouTube, Twitter, Linkedin and visit Weather Guard on the web. And subscribe to Rosemary Barnes' YouTube channel here. Have a question we can answer on the show? Email us! Pardalote Consulting - https://www.pardaloteconsulting.comWeather Guard Lightning Tech - www.weatherguardwind.comIntelstor - https://www.intelstor.com Allen Hall: I'm Allen Hall, president of WeatherGuard Lightning Tech, and I'm here with the founder and CEO of Intel store Phil Totaro and the chief commercial officer of WeatherGuard, Joel Saxum, and this is your News Flash. Newsflash is brought to you by our friends at IntelStor. If you want market intelligence that generates revenue, then book a demonstration of IntelStor at IntelStor. com. In Spain, Siemens Gamesa has received a crucial financial boost. The Spanish government and major banks have granted the company 1. 2 billion in green guarantees. This support will help Siemens Gamesa, which has been facing financial challenges, To back its wind energy projects, the company is also undergoing leadership changes with Vinod Philip, set to become the new CEO in August. So Phil, this backing by the Spanish government and banks within Spain is a welcome entrant into the Siemens Gamesa financial situation. Philip Totaro: It is and it's something that they've been asking for for a while in terms of receiving some level of support. It seems a little lower than what they wanted unfortunately for them. And keep in mind, this is almost like a, a line of credit type of thing. They don't have to necessarily tap into this unless they, they actually need it. First of all the second aspect of this is that, the unions are also going to be all over this saying, well, this is ample evidence that you can, keep us on board and keep paying us or it, as it turns out, may have been necessary for them to receive this funding to be able to keep the, the unions happy. So. We'll see how much of this they, they end up actually needing. This will presumably be part of their financial reports in the future. How they're, how they're putting these funds to use. But hopefully they don't need to tap into it too much and they can, get back to being a thriving company. Joel Saxum: My, my main concern with it is if it's a prop up or is it, is it real, right? So is this something that's going to really boost them along? Do they really need it? Is it too, is it too little too late or is it just going to sit in an account and not be used? So. I think that what you'll see from Wall Street and the investors and stock prices is going to be a little bit different than what reality is. Allen Hall: Abu Dhabi's renewable energy group, Masdar, is making moves in the Spanish market. After a failed bid for Nanergy, Masdar is now finalizing a deal with Endesa to acquire a 49 percent stake in the 2, 000 megawatt renewable energy portfolio. This could be one of the largest renewable energy deals in spain this year phil Philip Totaro: yeah this comes on the back of master making moves in europe as we've talked about on newsflash and on the uptime podcast previously so the reality of this is this is you know also uh kind of building on what we talked about last week with china.
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  • HeliService USA: Efficient Offshore Wind Transportation
    Jul 18 2024
    Allen and Joel speak with Michael Tosi, founder and CEO of HeliService USA, which is providing helicopter transportation for the offshore wind industry. HeliService USA provides efficient, safe, and environmentally-friendly transport for technicians and equipment to offshore wind farms, providing an advantage over marine vessels. With the highest safety standards, cost-effectiveness, and speed, HeliService is making offshore wind travel better. Sign up now for Uptime Tech News, our weekly email update on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard's StrikeTape Wind Turbine LPS retrofit. Follow the show on Facebook, YouTube, Twitter, Linkedin and visit Weather Guard on the web. And subscribe to Rosemary Barnes' YouTube channel here. Have a question we can answer on the show? Email us! Pardalote Consulting - https://www.pardaloteconsulting.comWeather Guard Lightning Tech - www.weatherguardwind.comIntelstor - https://www.intelstor.com Allen Hall: Welcome to the Uptime Wind Energy Podcast. I'm your host, Allen Hall, along with my co host, Joel Saxum. As offshore wind continues to develop in the U. S., transportation of technicians and equipment is becoming a big issue for developers and operators to tackle. HeliService USA provides helicopter transportation and support services for the offshore wind industry in the U. S. Based in Rhode Island, the company is utilizing the unique capabilities of helicopters to deliver personnel, cargo, and equipment. and conduct maintenance operations efficiently. Our guest is Michael Tosi, founder and CEO of HeliService USA. Michael is a helicopter pilot and also served in the U S air force. Michael, welcome to the show. Michael Tosi: Thank you, Allen. Really appreciate you having me today and look forward to chatting more. Allen Hall: You're in a really busy place right now because the pace of construction on U. S. offshore projects has really picked up. And you're flying technicians back and forth. How many flights are you conducting right now a week? Michael Tosi: So it, it varies. There's two big scopes that we cover. So the first scope we cover is actually the construction of the wind farm. For the construction of the wind farm, we're typically flying offshore workers who are going to be on vessels for, two, three, four, five, six weeks, depending on what their shift schedule is. So that involves flying out to an installation vessel, a heavy lift vessel S. O. V. potentially, depositing those passengers we usually bring folks back to the other direction. And so those flights go on per vessel, sometimes once a week, twice a week, per vessel in the field. And now, of course, because they have several turbines up, more than several at this stage we're also helping with operations and maintenance even prior to the wind farms being completed. We are actually going to be commissioning flights as well. To certain turbines. I think that's the first time at least that I'm familiar with that certainly has probably occurred in Europe. But at least from what our customers tell us that some of the first times they've used helicopters for commissioning were as well on the turbine. It can be a bit cyclical on the demand, depending on when the vessels are here or not. But just for some numbers, I think it's a good thing. We've been in operation for about a year and transported over 6, 000 people offshore during that time. To my knowledge, I think we transported certainly more than any other with just 16 folks offshore. So it's been a busy year. Joel Saxum: Let me ask you a question, Michael. What does it look like for a technician that's going to go Fly out to a turbine for work. Do they arrive at your facility with all their gear ready to go? And five minutes later, they're in a helicopter or how, what does that look like? Michael Tosi: It's a pretty quick process.
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  • Drone Scandal Exposes Wind Energy’s China Crisis
    Jul 16 2024
    Chinese-made drones disguised as wind turbine parts were intercepted in Italy, sparking debate on China's role in the global wind energy market. Allen, Phil, and Joel explore how European manufacturers like Vestas and Siemens Gamesa can compete against subsidized Chinese firms such as Goldwind and Mingyang. Do EU protectionist policies address China's growing influence in renewable energy? In other news, Statkraft has reduced its target for renewables, the UK has lifted their onshore wind ban, Archer is moving into the offshore wind industry, and Louisiana is installing their first wind turbine. Visit AMI's website to book a spot at the Wind Turbine Blades conference! Sign up now for Uptime Tech News, our weekly email update on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard's StrikeTape Wind Turbine LPS retrofit. Follow the show on Facebook, YouTube, Twitter, Linkedin and visit Weather Guard on the web. And subscribe to Rosemary Barnes' YouTube channel here. Have a question we can answer on the show? Email us! Pardalote Consulting - https://www.pardaloteconsulting.comWeather Guard Lightning Tech - www.weatherguardwind.comIntelstor - https://www.intelstor.com Allen Hall: Welcome to the Uptime Wind Energy Podcast. I'm Allen Hall, and I'll be bringing you this week's top stories in the wind energy sector. We start with a significant announcement from Statkraft, the Norwegian energy giant. The company has revealed plans to reduce its target for building solar PV, battery energy storage systems and wind farms from 2026 onwards. Statkraft is adjusting its development rate for solar, battery and onshore wind from two and a half to three gigawatts to two and a half gigawatts. Even more notably, their offshore wind targets have been cut from 10 gigawatts to 68 gigawatts by 2040. This shift comes as Statcraft aims to prioritize investments in its home country of Norway. The company cites challenging market conditions for the entire renewable energy industry as a reason for this strategic adjustment. Despite these reductions, Stackraft remains committed to expanding its hydropower capabilities with plans to initiate at least five major capacity upgrade projects in Norway by 2030. Moving to England, the de facto ban on onshore wind development has been lifted with immediate effect. This decision is part of a broader commitment to double the capacity of onshore wind in Britain by 2030. and boost energy independence. The policy change places onshore wind on equal footing with other energy development in the National Planning Policy Framework. This move is expected to significantly accelerate the growth of onshore wind in England. The government has also announced plans to streamline the planning process for large onshore wind proposals by potentially incorporating them in the nationally significant infrastructure project regime. This could lead to faster determinations on planning applications for these projects. In corporate news, oilfield services firm Archer has made a strategic move into the floating offshore wind sector. For The company has fully acquired Moreld Ocean Wind, a Norwegian floating offshore wind solutions provider. This acquisition includes a minority stake in Osergy. U. S. French technology company. Morelde Ocean Wind specializes in project management and engineering for the fabrication and assembly of floating wind structures. With a team of about 30 engineers based in Norway, Morelde Ocean Wind is currently engaged in various studies and engineering contracts for some of the world's largest energy companies. This acquisition positions Archer to capitalize on the growing floating offshore wind market and support its energy customers ambitions in the energy transition. Exciting developments are also happening in Louisiana, where the state's first wind turbine has arrived at Avondale Global Gateway.
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  • Vestas Stops Turkey Production, Avangrid Sells Kitty Hawk North, LS Greenlink Virginia Facility
    Jul 15 2024
    Vestas in Turkey has suspended their generator factory project and blade production in the country after loosened locality requirements for wind. Avangrid has sold its Kitty Hawk North offshore lease to Dominion Energy for $160 million. LS Greenlink invests $681 million in a Virginia factory, creating 330 full time jobs. Sign up now for Uptime Tech News, our weekly email update on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard's StrikeTape Wind Turbine LPS retrofit. Follow the show on Facebook, YouTube, Twitter, Linkedin and visit Weather Guard on the web. And subscribe to Rosemary Barnes' YouTube channel here. Have a question we can answer on the show? Email us! Pardalote Consulting - https://www.pardaloteconsulting.comWeather Guard Lightning Tech - www.weatherguardwind.comIntelstor - https://www.intelstor.com Allen Hall: I'm Allen Hall, president of Weather Guard Lightning Tech. And I'm here with the founder and CEO of IntelStor, Phil Totaro, and the chief commercial officer of Weather Guard, Joel Saxum, and this is your NewsFlash. News Flash is brought to you by our friends at IntelStor. If you want market intelligence that generates revenue, then book a demonstration of IntelStor at intelstor.Com. Avangrid, a subsidiary of Iberdrola, has announced the sale of its Kitty Hawk North offshore wind lease area to Dominion Energy for approximately 160 million. The deal includes a nearly 40, 000 acre lease and associated assets with Dominion Energy paying 117 million for the lease acquisition and reimbursing Avangrid for development costs. Avangrid is retaining ownership of Kitty Hawk South Lease, which it plans to continue developing. All right, Phil. There seems to be a lot of swapping of of repurchased ocean land. Off the coast of the United States here, what is going on? Why is Avangrid selling one site and keeping another? What's happening? Philip Totaro: Well, I simply put, this sounds like they, have a bigger slice of cake than they can maybe eat by themselves so to speak. So they just want to be able to, this is one way that they can kind of divide up the site. a chunk of it without having to bring in an equity partner on the full project site, which is actually pretty clever, right? So I have to give them credit for that. Keep in mind as well that, of the projects in the US that have now been officially consented, Avangrid's got something like 20 something percent of them. So, this is, uh, it's getting expensive. And Iberdrola wants to be able to, control their costs. This is also one way of doing that, too. Joel Saxum: Another thing to think about here with Dominion Energy, if you've been following the offshore wind plays along the east coast here for the last year, two, three, four years, as we have here on the podcast, Dominion Energy is one of the groups that has actually been able to go through with their leases. Development costs, getting vessels ready, getting some turbines getting ready for development, getting ready for offshore without really too many hiccups. So the money's there, the PPAs are right, everything is moving forward for Dominion. So they're doing things without too many issues and that may point to this as well. Allen Hall: South Korea based LS Greenlink is investing 681 million to build a state of the art facility in Chesapeake, Virginia. This facility will manufacture high voltage subsea cables for offshore wind farms and is set to create more than 330 full time jobs. It's a significant step for the U. S. offshore wind industry as it'll be the first offshore wind cable manufacturer in the country. Now, Phil, this obviously has tax implications. What is driving LS Greenlink to really build a facility in Virginia? Philip Totaro: Well, besides market demand of which, this factory and fabrication facilities has a total price tag of something like 681 million which is an awful lot of money....
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