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Duke Renewables For Sale, TPI Signs Deal with GE, Gulf Offshore Wind, WindESCo Interview
Duke Renewables For Sale, TPI Signs Deal with GE, Gulf Offshore Wind, WindESCo Interview
ratings:
Length:
58 minutes
Released:
Nov 16, 2022
Format:
Podcast episode
Description
Joel and Allen dig into Duke Energy dealing their renewables business for $4B, and Intelstor's Philip Totaro provides insight. Meanwhile, blade production ramps in the US with TPI signing a 10-year deal with GE to restart an Iowa plant. Louisiana and Texas are big winners in the future of offshore wind in the Gulf of Mexico. Plus, a special interview with WindESCo's Jonathan Kossuth about their Find, Fix, Measure system to improve turbine performance.
Visit Pardalote Consulting at https://www.pardaloteconsulting.com
Wind Power Lab - https://windpowerlab.com
Weather Guard Lightning Tech - www.weatherguardwind.com
WindESCo - https://www.windesco.com
Intelstor - https://www.intelstor.com
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!
Uptime 139
Allen Hall: Joel, we have a really interesting show. So much has happened in the last couple of days, so we're trying just to catch up here at Uptime and give you the latest and greatest of Wind Energy News. Duke Energy is. Putting their renewable business up for sale and there's talks of, of it being around $4 billion and they have suitors already, which is amazing.
So there's, there's transactions happening in wind and then TPI composites and GE make a 10 year agreement in Iowa. For reopening a plant. Thank goodness. It's about time we see some blade plants opening in the us
Joel Saxum: so we are gonna jump down to the Gulf Coast and talk about Texas and Louisiana. Why we think that they're gonna be offshore wind winners in the us.
It's ready to go down there. We just gotta worry about some hurricanes.
Allen Hall: And then I have an interview with ESCO's, Senior Director of Customer Success Analytics, Jonathan Kath. And we go back and forth about all the technology that ESCO is bringing from SCADA data, enhanced SCADA data, and all the little defects they can find in your wind turbine and how to to improve the efficiency.
And it's crazy how. Well, their software analytics are they, They can really improve the performance of wind turbine. So we have a really busy show. Stay tuned. More to come. I'm Alan Hall, president of Weather Guard Lightning Tech, and I'm here with my good friend from Wind Power Lab. Joel Saxon Rosemary's on a well-deserved break, and this is the Uptime Wind Energy Podcast.
Well, Joel Duke Energy has decided to sell its renewable business, which is a complete shock. I don't know anybody in the business community that was No. Heard anything about it. Yeah, right. Everybody figured Duke was in it for the long term, but they, the estimate for the business is about $4 billion and it sounds like they have.
Tentative offers or aggressive bidders for, for that business. And it sounds like Duke is trying to bankroll themselves a little bit with the $4 billion. You could do a lot with $4 billion but they're trying to build up cash for. Taking on other projects. So they're, they're doing a lot of energy transitioning through in the next several years and they, they figured they better have some cash on hand, especially if interest rates are higher.
They're at the same time, they're actually cutting, cutting costs. They're cutting about 300 million in costs. So 4 billion in the bank if they could sell the renewables business plus another couple hundred millions in savings, they're trying to, trying to protect themselves, and I think rightly so. But is this the first of, of this type of, of business sale or, or such?
A large asset of renewables hits the blocks? I,
Joel Saxum: I don't know if it's the first I. This size, man,
Visit Pardalote Consulting at https://www.pardaloteconsulting.com
Wind Power Lab - https://windpowerlab.com
Weather Guard Lightning Tech - www.weatherguardwind.com
WindESCo - https://www.windesco.com
Intelstor - https://www.intelstor.com
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!
Uptime 139
Allen Hall: Joel, we have a really interesting show. So much has happened in the last couple of days, so we're trying just to catch up here at Uptime and give you the latest and greatest of Wind Energy News. Duke Energy is. Putting their renewable business up for sale and there's talks of, of it being around $4 billion and they have suitors already, which is amazing.
So there's, there's transactions happening in wind and then TPI composites and GE make a 10 year agreement in Iowa. For reopening a plant. Thank goodness. It's about time we see some blade plants opening in the us
Joel Saxum: so we are gonna jump down to the Gulf Coast and talk about Texas and Louisiana. Why we think that they're gonna be offshore wind winners in the us.
It's ready to go down there. We just gotta worry about some hurricanes.
Allen Hall: And then I have an interview with ESCO's, Senior Director of Customer Success Analytics, Jonathan Kath. And we go back and forth about all the technology that ESCO is bringing from SCADA data, enhanced SCADA data, and all the little defects they can find in your wind turbine and how to to improve the efficiency.
And it's crazy how. Well, their software analytics are they, They can really improve the performance of wind turbine. So we have a really busy show. Stay tuned. More to come. I'm Alan Hall, president of Weather Guard Lightning Tech, and I'm here with my good friend from Wind Power Lab. Joel Saxon Rosemary's on a well-deserved break, and this is the Uptime Wind Energy Podcast.
Well, Joel Duke Energy has decided to sell its renewable business, which is a complete shock. I don't know anybody in the business community that was No. Heard anything about it. Yeah, right. Everybody figured Duke was in it for the long term, but they, the estimate for the business is about $4 billion and it sounds like they have.
Tentative offers or aggressive bidders for, for that business. And it sounds like Duke is trying to bankroll themselves a little bit with the $4 billion. You could do a lot with $4 billion but they're trying to build up cash for. Taking on other projects. So they're, they're doing a lot of energy transitioning through in the next several years and they, they figured they better have some cash on hand, especially if interest rates are higher.
They're at the same time, they're actually cutting, cutting costs. They're cutting about 300 million in costs. So 4 billion in the bank if they could sell the renewables business plus another couple hundred millions in savings, they're trying to, trying to protect themselves, and I think rightly so. But is this the first of, of this type of, of business sale or, or such?
A large asset of renewables hits the blocks? I,
Joel Saxum: I don't know if it's the first I. This size, man,
Released:
Nov 16, 2022
Format:
Podcast episode
Titles in the series (100)
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