In this News Flash: Adani Group's new 5.2MW wind turbine will be introduced as part of Adani's larger expansion into wind, solar, and green hydrogen. Nike is suing Avangrid for the $30M in ERCOT incentive payments received after the 2021 ice storm in Texas. And, the Venterra Group is acquiring the vibro-piling company CAPE Holland.



Pardalote Consulting - https://www.pardaloteconsulting.comWind Power LAB - https://windpowerlab.comWeather Guard Lightning Tech - www.weatherguardwind.comIntelstor - https://www.intelstor.com











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News Flash August 17



Allen Hall: I'm Allen Hall and I'm here with the founder and CEO of Intelstor Phil Totaro, and this is your News Flash. Over in India, the Adani group will be unveiling its new 5.2 megawatt wind turbine, which it just received a provisional certificate for. The turbine will be built with technology from W2E or Wind to Energy which is based in Germany.



Turbine is touted as India's largest wind turbine and one of the world's largest onshore machines. Adani Group is emphasizing local sourcing for projects for this wind turbine, and it's also involved in solar and green hydrogen. And Phil, it seems like part of the output of these wind turbines and 5.2 megawatt is a big machine, is that they're headed to create green hydrogen over in India.



Phil Totaro: Absolutely. So Adani Group, for those that don't know, is owned and controlled by one of the wealthiest families in in India. And they've made significant strides in investing in project development through Adani Energy in various subsidiaries there as well as other countries throughout.



Southeast Asia. They definitely have an interest in kind of expanding what they're doing. But this is interesting because they're, they're kind of adopting the same type of business model that a lot of the western European OEMs had going back a few decades where they'd, they'd have their development arm and then they'd have like a, a turbine or in their case, they're also pursuing a significant amount of solar manufacturing capacity.



They actually, it's, it's gone largely unnoticed. And I, I'm glad we're talking about this today. 'cause it did come out in, in the news but they also raised more than $300 million to support this wind turbine manufacturing capacity and their solar manufacturing capacity in India. So, they have very big designs on expanding their capability and, and being a serious player in a global market.



Allen Hall: Avangrid seeks dismissal of Nike's $31 million lawsuit related to the Texas freeze in 2021. Avangrid is defending itself and maintains that the wind farm, that was, that did get frozen and the payments that happened from ERCOT, which it received almost $30 million for, belong to Avangrid.



Nike disagrees. Nike thinks part of its virtual power purchase agreement that Avangrid owes them that money. Now, Phil, can you explain where this money is coming from ERCOT to begin with?



Phil Totaro: wYes. So this goes back to, as you mentioned, this issue in Texas where there was a freeze in. You know, kind of average temperatures wind energy, a lot of wind energy tripped offline.



Solar and natural gas pipes froze. There was a, you know, unfortunately a few people died from this. And it was a, it was altogether a terrible situation. Where the money's coming from is basically, ERCOT has said that. Alright, we'll cover. Certain fees up to a point. 'cause you know, the intraday price for, for power on the merchant market spiked to like something like $9,