Weather Guard Lightning Tech
CIP Offshore in Taiwan, RWE Buys GE Vernova for Texas
CIP achieves financial closure for an offshore wind project in Taiwan and the UK may shift towards a domestic offshore wind supply chain. GE Vernova plans to equip two RWE farms in Texas, and Masdar will potentially acquire TotalEnergies’ renewable assets in Portugal. Register for the start of our webinar series with SkySpecs!
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Allen Hall: Starting off the week, Copenhagen Infrastructure Partners has secured financial close on the 495 megawatt Fengmiao offshore wind project off Taiwan’s Coast. This Marks CIP’s third offshore wind project in Taiwan and is the first of Taiwan’s round three projects to start construction.
The project secured approximately $3.1 billion in financing from 27 banks with debt partially guaranteed by export credit agencies. Now Vestas will supply 33 of its latest 15 megawatt turbines for the projects and construction will finish by late 2027 with six corporate customers already signed for long-term power purchase agreements covering its entire capacity. Dan McGrail Interim, CEO of Britain’s new state owned GB Energy believes the UK should challenge oversee renewable energy companies by exporting its expertise globally. McGrail sees floating offshore wind as a huge opportunity for British technology leveraging existing supply chains from the oil and gas industry.
He aims to shift focus from importing parts to building them domestically, which could create an export industry over time. GE Vernova will equip two RWE farms in Texas with over 100 turbines with deliveries beginning later this year. The projects will help RWE surpass one gigawatt of rebuilt and repowered wind capacity across the US and generate enough electricity to power approximately 85,000 Texas homes and businesses annually. Boosting US content. Then the sales for the project will be manufactured at GE Vernova’s Florida facility, which employs about 20% Veterans.
RWE’s Chief Operating Officer emphasized their commitment to American energy production and strengthening domestic manufacturing and supply chains. GE Vernova’s Entre Wind Division currently has a total installed base of 56,000 turbines worldwide with nearly 120 gigawatts of installed capacity.
Abu Dhabi’s Masdar is considering acquiring a stake and total energy’s Portuguese renewable energy assets. The deal will likely be through SATA yield. The Green Energy Company masar purchased from Brookfield last year. This would add to MAs dollar’s growing European portfolio, which includes recent acquisitions in Spain and Greece as the company works towards its global target of 100 gigawatts by 2030.
Total Energy is currently has about 600 megawatts of installed renewable capacity in Portugal, mostly higher valued wind power assets. Total energy. CEO previously mentioned plans to divest around two gigawatts annually as part of portfolio consolidation. And that wraps up our wind industry headlines from Monday, March 24th. The conversation continues tomorrow on the Uptime Wind Energy Podcast, where we’ll explore even more insights shaping the future of renewable energy.
And don’t forget to join our exclusive live webinar this Wednesday featuring Sky Specs New CEO Dave Roberts. He’ll be sharing his roadmap for the company’s exciting future. All access details are awaiting for you in the show notes.
https://weatherguardwind.com/cip-taiwan-rwe-ge-vernova/
Renewable Energy
ACORE Statement on Treasury’s Safe Harbor Guidance
ACORE Statement on Treasury’s Safe Harbor Guidance
Statement from American Council on Renewable Energy (ACORE) President and CEO Ray Long on Treasury’s Safe Harbor Guidance:
“The American Council on Renewable Energy (ACORE) is deeply concerned that today’s Treasury guidance on the long-standing ‘beginning of construction’ safe harbor significantly undermines its proven effectiveness, is inconsistent with the law, and creates unnecessary uncertainty for renewable energy development in the United States.
“For over a decade, the safe harbor provisions have served as clear, accountable rules of the road – helping to reduce compliance burdens, foster private investment, and ensure taxpayer protections. These guardrails have been integral to delivering affordable, reliable American clean energy while maintaining transparency and adherence to the rule of law. This was recognized in the One Big Beautiful Act, which codified the safe harbor rules, now changed by this action.
“We need to build more power generation now, and that includes renewable energy. The U.S. will need roughly 118 gigawatts (the equivalent of 12 New York Cities) of new power generation in the next four years to prevent price spikes and potential shortages. Only a limited set of technologies – solar, wind, batteries, and some natural gas – can be built at that scale in that timeframe.”
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ABOUT ACORE
For over 20 years, the American Council on Renewable Energy (ACORE) has been the nation’s leading voice on the issues most essential to clean energy expansion. ACORE unites finance, policy, and technology to accelerate the transition to a clean energy economy. For more information, please visit http://www.acore.org.
Media Contacts:
Stephanie Genco
Senior Vice President, Communications
American Council on Renewable Energy
genco@acore.org
The post ACORE Statement on Treasury’s Safe Harbor Guidance appeared first on ACORE.
https://acore.org/news/acore-statement-on-treasurys-safe-harbor-guidance/
Renewable Energy
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Renewable Energy
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