Orsted to acquire Deepwater Wind in $510M deal

Sunday, October 14, 2018

Orsted to acquire Deepwater Wind in $510M deal

Orsted to acquire Deepwater Wind in $510M deal | Trade war, PPA trends among top concerns for wind CEOs | Investments in Texas wind farms must continue, says expert

Created for aquarianm@gmail.com | Web Version

October 9, 2018

News for wind power professionals and advocates

Industry Update

Orsted to acquire Deepwater Wind in $510M deal

Orsted has reached a deal with D.E. Shaw to buy a 100% stake in its Deepwater Wind offshore wind unit for $510 million. Deepwater Wind has a potential offshore wind pipeline of 3.3 gigawatts, including projects in Rhode Island, Connecticut, New York and Maryland.

CNBC (10/8), The Wall Street Journal (tiered subscription model) (10/8), The New York Times (tiered subscription model) (10/8)

Trade war, PPA trends among top concerns for wind CEOs

Executives from EDF Renewables, Vestas, Pattern Energy and other companies raised concerns about the China-US trade war, increasingly competitive bidding for power purchase agreements and other industry trends at AWEA's Wind Energy Finance and Investment Conference West last week.

SmartBrief/Infrastructure (10/8)

Investments in Texas wind farms must continue, says expert

Texas is the nation's capital for installed wind capacity, but industry leaders, regulators and lawmakers are divided about the industry's future as the wind energy Production Tax Credit lapses and other changes occur. Energy consultant Robert Pena argues that the government and companies must continue to invest in the region because new turbines are taller and more efficient, meaning they can generate electricity during off-peak hours.

The Center for Public Integrity (10/9)

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Project Focus

EDF Renewables prepares to build 200-MW wind farm in Iowa

EDF Renewables expects to break ground in spring on the 200-megawatt Glaciers Edge Wind Project slated for Cherokee County, Iowa. The project has a power purchase agreement with Google.

Pilot Tribune (Storm Lake, Iowa) (10/8)

CMS Energy inaugurates 105-MW project in Ohio

Utility CMS Energy has launched the 105-megawatt Northwest Ohio Wind project, which will begin offsetting General Motors' carbon emissions via renewable energy credits. "Working with CMS Energy's Northwest Ohio Wind farm, along with the HillTopper Wind Project in Illinois, we'll soon power all of our manufacturing facilities in Ohio and Indiana with 100% clean wind energy," says GM Global Manager of Renewable Energy Rob Threlkeld.

Renewables Now (Bulgaria) (tiered subscription model) (10/9)

Economy, Energy & Trends

Energy Dept.: US carbon emissions are down, renewables are up

Carbon emissions in the US declined for the seventh time in 10 years in 2017, falling by nearly 1% as wind and solar expanded to account for 22% of the nation's non-carbon electrical generation, according to the Energy Department.

Houston Chronicle (tiered subscription model) (10/8)

AI, machine learning take on climate change, renewable energy

Artificial intelligence and machine learning are being used to address challenges in climate change, generation of renewable energy, transportation and health care, Abhinav Rai of UpGrad writes. "Wind energy companies are increasingly using AI to optimize turbine propellers to generate more electricity per rotation," he writes.

Sustainable Brands (10/5)

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Side Bar Links

Illinois Renewable Energy Association site

---------------
The AWEA's annual expo:
Global WINDPOWER 2004
McCormick Place
Chicago, Illinois, USA
March 28-31, 2004

I was there...
---------------

Dan Stafford - Publisher
Click on this pic to e-mail Dan.
WE WELCOME ENERGY STORY SUBMISSIONS!
Please note the E-mail link by the title of the webpage. Comments, stories, and article submissions are welcome. Any accepted submission entitles the submitter to a link on the Journal page included at the bottom of their submitted entry when published to the journal. The Great Lakes Zephyr - Wind Energy & Hydrogen Journal makes no claim as to the accuracy of submitted material. The Great Lakes Zephyr - Wind Energy & Hydrogen Journal neither endorses nor opposes opinions expressed in submitted material. Submitter must provide name, city, and state or country. The Great Lakes Zephyr - Wind Energy & Hydrogen Journal imples no promise to publish all submissions. Adult content will definitely NOT be published. Submitted material will be screened and appropriate entries published at the owner's discretion.

Safe, healthy, good for the economy, good for the environment, good for farmers, good for you, and just downright good produce:

State-by-state directory of farmers' markets

I strongly encourage those seriously interested in learning about the technology, players, politics, and issues of Wind Energy to spend time browsing the American Wind Energy Association website. They are the premier industry trade organization and have extensive resources available.
(www.awea.org)

Alpha Solar
Clean energy generation systems for off-grid living and environmental impact reduction.

The Great Lakes Information Network:

*PING*

The Distributed Resources & Green Power weBlog by Bruce Irving

GOT AN ENVIRONMENTAL QUESTION? Send it to EarthTalk, c/o E/The Environmental Magazine,
P.O. Box 5098, Westport, CT 06881; submit your question at www.emagazine.com;
or e-mail Earth Talk at earthtalk@emagazine.com.

OTEC News weBlog: Ocean Thermal Energy Conversion

The Green Ocean Project: Using solar energy to distill water for agriculture.

Other weBlogs by Daniel Stafford:

The Great Lakes Zephyr - Wind Energy & Hydrogen Journal

*Spell Book*

Affirmation Station

Remembering Mom

Save Hotel Baker

Uncle Harold's Farm

The First Church of Healing The Earth

The Empty Hand

Why I Publish This Blog:

"One thing that many people do not realize is that states like Wisconsin, Illinois, Indiana,
and Michigan are sitting on a gold mine of wind energy potential. Or, more properly, next to the mine.
The Great Lakes are probably the area in the USA with the third largest inland wind energy potential.
Think of just the nickname for Chicago. "The Windy City". Milwaukee is even windier, I can tell you.
Why? Because they sit on the edge of a great flat area where there is both a land-water temperature
differential, and a large flat expanse of water that is comparably shallow.
Oilrigs certainly operate in deeper waters. And you won't have to construct transmission lines all the
way from the plains of Montana to put it to use.

The Great Lakes area has an opportunity to get the jump on wind energy's future, if that fact is
recognized and exploited. Wind energy means jobs for construction and maintenance workers, thousands
of them. Wind energy means leasing rights and extra money for family farmers struggling to make it on
agriculture alone. In most cases farmers can grow crops right up to the base of a windmill. The land
footprint has a small impact on total farm acreage. Wind energy also means freedom from fluctuating
fuel prices. Wind is free. The cost of a barrel of polluting oil can be raised or lowered drastically
based on fears or political whims. The potential gains are enormous. We've all seen the flow of good
manufacturing jobs out of the area. Well, they can't tell the wind to blow in another country so it's
more "convenient" or cheaper to produce. The wind is perfectly happy to whip up opportunities for us
right around here. Most of all, because we here in the Great Lakes region have the potential to have
a huge positive impact on U.S. energy industry emissions' contribution to global warming."