Eneco CEO Transition, Equinor Polish Offshore Deal
In this episode of Uptime News, Allen covers leadership changes at Eneco, historic renewable energy deals in Poland, strong support for wind energy in Ireland, and a surge in American clean energy investment.
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Welcome to Uptime News. Flash Industry News Lightning fast. Your host, Allen Hall, shares the renewable industry news you may have missed.
Allen Hall: Leading off the week, there’s a leadership change at a major European energy company. As Templeman is stepping down as CEO of Dutch Energy firm, Eneco on August 1st.
Templeman is leaving to become the new chief executive of lighting company, signify in September. Eneco says Kees Jan Rameau will serve as interim CEO starting July 4th. The company’s board has already started searching for a permanent replacement. Templeman joined an Eneco as CEO in July of 2020.
The supervisory board chair Mel Kroon says Templeman led the successful launch of the company’s one planet plan before Eneco. Templeman held senior positions at Shell across [00:01:00] Asia, Europe, the Middle East, and Africa. Over in Poland, energy companies have closed one of the largest renewable energy deals in European history. Norwegian firm, Equinor, and Polish company, Polenergia, have secured 6 billion euros in financing for two offshore wind projects. That’s about $6.8 billion. The companies say it’s the largest project finance deal in Poland’s energy history.
The Baltic two and Baltic three Wind Farms will feature 100 turbines with a combined capacity of 1.4 gigawatts. Polenergia, CEO Adam Purwin says they have secured financing from around 30 institutions. He says The company’s obtained exceptionally favorable terms despite challenging market conditions, construction has already begun.
Onshore marine operations will start next year. The wind farms should begin full commercial operation in 2028, and they’ll provide power to more than 2 million [00:02:00] Polish households.
And Irish citizens are showing strong support for wind energy development. A new national survey by Wind Energy Ireland found 80% of the public supports wind energy development, 62% back having a wind farm in the local area. The survey found people support wind energy because it offers more affordable electricity and reduces carbon emissions.
Energy independence was also a key motivator. CEO. Noel Cunniffe says, Irish people know wind power is the leading solution to rising energy costs and climate change. He says, wind power is already helping reduce electricity prices and create jobs.
75% of those surveys support offshore wind energy. 82% recognize its role in securing Ireland’s energy supply. Research shows Ireland’s offshore wind farms could generate 38 billion euros for the Irish economy by 2050.
And American clean energy investment continues to surge. The American [00:03:00] Clean Power Association says developers installed 7.4 gigawatts of new solar, wind and storage capacity in the first quarter. That represents $10 billion in domestic investment. The trade group says it was the second strongest start to a year on record.
Battery storage achieved record first quarter installations surpassing 30 gigawatts of total capacity nationwide. The development pipeline grew 12% to reach 184 gigawatts. That represents $328 billion in potential project investment. CEO. Jason Grumet says, clean power is shovel-ready at scale. He says the industry has a technology.
Investment capital and workforce needed. Grumet warns that the greatest threat to reliable energy is an unreliable political system. That’s this week’s top. News stories. Stay tuned for the Uptime Wind Energy Podcast tomorrow.
https://weatherguardwind.com/eneco-equinor-offshore/
LOL!!Here’s Something Career Liar Dennis Prager. Has He No Shame? No Honor?
Tyson’s
point here opens up a number of good questions. How much liberty should teachers have in choosing the materials they present to their students? Is it OK for teachers to cite factual texts about the history of slavery in the U.S., or should states like Florida be at liberty to ban discussion of “critical race theory?”
Perhaps the larger point, and it’s one that Western Civilization should celebrate, is that at least we had our Age of Reason, aka, the Enlightenment, where we realized that we needed a separation between church and state. Consider the theocracies of the Middle East, for example, where teachers would be immediately removed for encouraging critical thinking when it comes to Islam.
The two factors driving the end of the Trump presidency are a) the public’s perception of the first family’s blatant corruption, and b) Trump’s 0bvious loss of his cognitive faculties.
IMO, these are just two sides of the same coin; criminal insanity seems to be the common thread throughout Trump’s entire adult life. The only thing different here is the recent amping up of the intensity, to a point where this is apparent to even the dimmest bulb in our electorate.
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