Weather Guard Lightning Tech

Iberdrola Sells Assets, ENGIE Completes Financing, Aquila and Octopus Potential Merger
Iberdrola sells of part of its Mexican business and plans to reinvest in renewables. ENGIE North America completes tax equity financing to fund U.S. solar and wind projects. Aquila and Octopus are in talks regarding a potential merger.
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Allen Hall: I’m Allen Hall, president of Weather Guard Lightning Tech, and I’m here with the founder and CEO of IntelStor, Phil Totaro, and the chief commercial officer of Weather Guard, Joel Saxum. And this is your News Flash. News Flash is brought to you by our friends at IntelStor. If you need actionable information about renewable projects or technologies, check out IntelStor at intelstor.com.
Iberdrola closed the sale of 55 percent of its Mexican business for around 6. 2 billion to a trust led by Mexico infrastructure partners. The deal includes 13 power plants with 8. 5 gigawatt capacity that are mostly gas plants contracted to Mexico CFE utility. Iberdrola retains 15 plants in Mexico and its Renewable Energy Project pipeline to keep growing wind and solar assets there.
Joel, Iberdrola is banking it right now. What’s happening?
Joel Saxum: I think that there’s a lot of development that is going to be going on in Mexico here to watch in the future as well. The president is going to be swapped over here pretty soon. This is the things that I’ve been watching and hearing and listening.
The new president is actually very fond of renewable energy. However, it is a, you’re, you got to keep Pemex happy. You got to keep everybody happy. The oil and gas business in Mexico is very big, but there is going to be more investment there. So interesting that Iberdrola is selling those assets.
I don’t know if their plans are to reinvest all of that capital back in Mexico. But they are keeping their pipeline going. So I would expect to see some of that happen as well.
Philip Totaro: Iberdrola has been not only banking in Mexico, but they’ve also been raising a lot of cash and capital in other markets.
They’ve been heavily looking into some of the emerging markets for offshore investments. Obviously Mexico’s offshore market is non existent at this point and probably isn’t gonna isn’t going to turn into one. However, yeah, I the Mexican market, Joel, you’re right, it’s been particularly bad, actually, under the current president, and everybody’s just counting down the days until I, there have been study after study that’s been recently released about, like, how.
Renewables has been completely trashed in that market. But I think Iberdrola’s move is a good one, and I think them holding onto that cash to potentially redeploy in project development in Mexico will be a good idea. Mexico’s a bit of a tough market because there’s, some folks in, in certain areas that don’t really they didn’t get a good feeling from some of the project developers that were there previously.
But it is a market that does need to decarbonize quite a bit. And, is obviously going to be able to get in there and do a lot with the pipeline that they have.
Allen Hall: Iberdrola reported a 10 percent increase in 2023 net profits to 4. 8 billion euros. They set a new investment record in 23 also of 11. 4 billion euros with grid and offshore wind as the main drivers. Over 5 billion euros was invested in renewables like offshore wind farms, now operating in France and the United States ROA plans a 2024 investment record of 12 billion euros, including two gigawatts of new onshore renewables. So Phil ROA is taking those profits and reinvesting them in some smart areas.
Philip Totaro: They’ve got a significant pipeline in not only the United States for offshore wind, but their onshore wind. Asset portfolio in the United States is probably going to start coming up for repowering here in about five to seven years. So having this much capital at their disposal is going to be a good thing for them because they’re going to have an opportunity.
They’ve been the reason they haven’t repowered after 10 years is because they’ve been riding out some very. High priced power purchase contracts to the end of the 20 years of the PPA and the end of the 20 year asset life that they have. So they are going to be repowering a lot of projects and they’re going to need capital to, to deploy, to be able to do that.
But they’ve got a rather substantial amount that, is in that, that queue at this point.
Joel Saxum: So one of the things I want to touch on here with Iberdrola is when we talk Iberdrola, everybody sees Iberdrola, yes. But we need to make sure that you also understand that Iberdrola is a bunch of companies.
Iberdrola, Spain. Scottish Power, which is doing a lot of offshore things as well. Avangrid, which operates in the United States and other places in North America. Neo Energia, which is a Brazilian company. That’s their Brazilian kind of arm. Then you have Iberdrola Mexico and Iberdrola Energia International.
So when we say Iberdrola, we’re not just talking about things branded Iberdrola. Look at all the brands that have the nice three little green leafs on them or green leaf, blue leaf, orange leaf. Those are all the Iberdrola family and that’s the money we’re talking about here.
Allen Hall: ENGIE North America completed a 1 billion tax equity financing deal to fund recently built renewable energy projects in the United States.
Their portfolio consists of six projects totaling 950 megawatts of solar capacity and 353 megawatts of wind power. Power across ERCOT, MESO, and the SPP grids. The 1. 3 gigawatt portfolio represents one of ENGIE’s largest U. S. tax equity financing arrangements. ENGIE says this shows that their strong track record of developing, building, and operating renewable assets in North America is why they can do these tax equity deals.
Phil, everybody is looking to do tax equity deals. Because it’s such a huge fundraiser right now, it raises a ton of cash.
Philip Totaro: Yeah, and since the, we now have consistency in the production tax credit through the IRA bill, everybody’s getting back on the bandwagon. Plus, the fact that we have that consistency.
Out to 2033, where you’re going to theoretically have an opportunity to repower under the same tax regime today, that gives you an opportunity to get some certainty on the investments that you’re going to make. Expect. We even projected it’s going to be about 11. 3 gigawatts this year at a minimum in onshore wind for the U S we’re going to be cooking almost doubling what we put in the ground last year.
Joel Saxum: So speaking about these tax equity financing deals this is a specifically complex finance vehicle used to fund these things. So the majority of people that play in that market are your big banks, your JPMorgan Chase and Wells Fargo and things like that. However, because more people are looking to use that financing vehicle to fund things, you’re going to start seeing some more players enter that market.
Now, the majority of our listeners, that’s outside of the normal realm that we deal with. But if you’re interested in it we did talk with David Burton from Norton Rose Fulbright about some of these these finance vehicles. And if you’re interested about learning on them scroll back through some of our YouTube channel, find that episode, take a listen.
And maybe reach out to him.
Allen Hall: Renewables investment firm, Aquila European Renewables, has started talks regarding a potential merger. This comes after UK firm, Octopus Renewable Infrastructure Trust, proposed combining with Aquila in December. Aquila says they’ve received interest from multiple parties and have begun mutual due diligence.
So as soon as Octopus Renewables talked about merging with Aquila, Bill Aquila got a lot of suitors very quickly. This is starting to make sense. These assets are worth a lot of money right now and are very valuable from an investment standpoint.
Philip Totaro: Aquila’s got a portfolio in Europe that is actually highly attractive, which is why they’re putting the feelers out to a lot of other potential partners.
It’s also, a negotiating tactic to, even if they want to go with octopus trust they can, use this as negotiating leverage to, to get a better price. But at the end of the day, Aquila is very studiously made specific investments throughout Germany and the Scandinavian countries to build out a portfolio, mostly wind, a little bit of solar.
And I think they’ve also been looking at some battery storage investments as well yeah it’s a good buy and I, interestingly, I think a combination with Octopus would be good for both of them because Octopus is definitely on the bandwagon of let’s invest in companies that have already made early moves in decarbonization, they’re doing a lot of things.
They have a lot of initiatives. That’s I think that’s a healthy thing.
Joel Saxum: Looking at this from a a macro level as well, it is in line with what we talked about a couple of weeks ago with Larry Fink and BlackRock saying, Hey, these are the next big investments instead of, they’re looking at large capitals looking at energy investments, right?
And energy used to mean oil and gas investments. Now it means infrastructure investments, and that’s what the market is really starting to change to in that large capital space. You see something like this tying up together, Octus Renewal and Aquila, that’s a play. Great, fantastic, they call it, whatever you want, Octopus, Aquila, in two to five years, they’ll be for sale again.
That’s what I would say. But that’s, this is the trend that you’re starting to see large capital piling up infrastructure.
Iberdrola Sells Assets, ENGIE Completes Financing, Aquila and Octopus Potential Merger
Renewable Energy
Global fleet, local knowledge: closing wind’s expertise gap
Weather Guard Lightning Tech

Global fleet, local knowledge: closing wind’s expertise gap
This exclusive article originally appeared in PES Wind 3 – 2026 with the title, Global fleet, local knowledge: closing wind’s expertise gap. It was written by Allen Hall and other members of the Weather Guard Lightning Tech team.
As wind fleets expand across increasingly diverse operating environments, the expertise needed to solve their problems is becoming more dispersed. Closing the industry’s knowledge gap means connecting local challenges with specialist experience from across the global wind sector and beyond.
An operator finds something on a blade they have not seen before. Who do they call? The engineer who designed that blade moved on years ago. The service provider has not seen the problem either. Somewhere in the world, there’s probably a person who has spent 15 years working on precisely that failure mode. But there’s no reliable way to find them.
That scenario plays out again and again. It’s rare that a problem is unsolvable. A solution exists somewhere. The bigger problem is finding that solution, or the person close to solving it.
Wind has become a large, geographically dispersed industry with roughly 1.3 TW of installed capacity. The technical knowledge required to keep it running has dispersed with it. The knowledge is real, deep and often highly specialized, but it is scattered across the globe in small teams working in different markets.
This is not the first global industry to discover that no single organization can hold every discipline, and that different parts of the world present different problems.
Two answers, one problem
In January 2023, Andrew Billingsley took a call from Ørsted asking whether his company could recycle wind turbine blades. Billingsley is CEO of Plaswire, a polymer processor in Northern Ireland. It was not a wind company. Plaswire’s business had been built on finding a way to use plastics from aircraft seat manufacturing and other waste nobody else would handle: residue pulled out of biodigesters and municipal waste plants.
He said yes before he was certain the company could do it.
Plaswire had a proprietary process for combining polymers that materials engineers said couldn’t be combined. Ground blade fiber mixed well with the combined polymer. Plaswire says it now has capacity to process up to 11,000 tonnes of blades a year and has increased blade content in its product from ten percent to thirty percent. The company also reports that the resulting structural components can outperform the concrete and timber alternatives they replace.
The same waste stream produced an entirely different answer on the other side of the Atlantic. Everpoint Services in Houston, Texas decommissions wind and solar assets, leaving the company tasked with repurposing fiberglass blades. At a birthday party, Everpoint CEO Tyler Goodell put that problem to James Timmins, a drilling engineer who had spent his career planning and overseeing drilling operations for major oil companies.
Timmins realized that ground blade fiber might work as a fluid loss additive in oil, gas, and geothermal drilling, where fluid escaping into the formation can cost tens of thousands of dollars a day. Everpoint spent the next two years turning that idea into a product. The company says BladeBlok is patented and shipping globally from Houston.
Two regions, two answers, both effective. And in retrospect, it makes perfect sense. Northern Ireland has decades of depth in polymers and injection molding, so its answer was a polymer. Houston is a center of the global oil and gas industry, so its answer was drilling mud. Neither answer came out of the wind industry. Both came from regional industrial expertise meeting a problem that happened to land next to it.
Looking beyond Denmark
Modern wind turbine engineering grew up in Denmark, and in many ways it still lives there. The most prevalent turbine design was refined by Danish engineers. DTU Wind and Energy Systems still anchors much of the research on wind turbines. Ask a hard aerodynamic question today and there is a fair chance the answer comes from within Denmark.
What has changed is that designing turbines and operating them are different problems. They no longer happen in the same places. A machine is designed in a small number of locations. It is then operated wherever the wind blows: West Texas, Queensland, Gujarat, the North Sea, and the Spanish meseta.
The fleet is also getting older and more varied as it grows. Machines commissioned during the last boom are aging in ways nobody modeled, on sites with conditions nobody anticipated. That combination generates operational questions faster than any single organization can answer them. Those questions are local, specific, and urgent. Now, companies all over the world are being asked to solve wind’s problems with legacy knowledge, often from an adjacent industry, that originated a long way from where the turbine was built.
The same blade, four climates
The industry’s leading-edge erosion wisdom is shaped largely by northern European conditions. It is a real problem, well studied and well understood. It is also not the same problem in West Texas, where the air carries dust and insects, and where inspections routinely find turbines one to three years old that look as though they have run for far longer. Will Howell of Armour Edge describes one site near an open-cast mine where airborne marble particulates were destroying blades within two seasons.
India produces a variant that exists nowhere in Europe. During the northern dry season, a sticky, tar-like dirt builds on the blades until the flow separates and the blade effectively stalls. The monsoon washes it away. PowerCurve reports that the use of vortex generators in India has produced some of the largest energy gains it has recorded, exceeding five percent across a full year. India is now the fourth-largest wind market on earth, surpassing 56 GW; last year it added more capacity than Germany did.
Rosemary Barnes worked for a Danish blade manufacturer before returning to Australia in 2021 to work in operations. There, she found blades behaving unlike the ones she had known in Europe. The standard method of predicting erosion severity combines annual rainfall with tip speed. But when Barnes plotted Australian sites with known erosion problems against those two axes, she got a random scatter. The model had no predictive value in Australia.
Her firm, Pardalote Consulting, is now placing scientific-grade sensors in Australian wind farms to establish what actually drives erosion there. [Barnes is also a regular host of The Uptime Wind Energy Podcast.]
A library of experts
Today, finding the right specialist can be difficult.
After six years hosting the Uptime Wind Energy Podcast, I increasingly think of the podcast as a library. In the past year alone, we’ve highlighted solutions from companies in Latvia, Denmark, Northern Ireland, Spain, Australia, Scotland, and the United States. As an organizer of the Wind O&M Australia event, one of our goals has been to bring international expertise to the local market. And similarly, to allow the global market to learn from knowledge that has been internal to Australia.
The answers are out there
The wind industry does not have time to solve the same problem twice. Fleets are aging, budgets are tight, and a blade defect that sits unresolved for a season costs real production. The pressure is to move faster, and the fastest way to solve a problem is rarely on your own. The fastest way to solve a problem is to find the person who has solved it. That search has to be a global one. The specialist who understands your failure mode may be in Copenhagen, Riga, Edinburgh, or Houston, working for a company you have never heard of. Geography is not a reason to rule them out. Increasingly it is the reason to go looking. The Uptime Wind Energy Podcast has become one way of documenting that dispersed expertise, bringing together specialists working on specific problems across different markets.

The answers are out there.
Unless otherwise noted, images here are from The Uptime Wind Energy Podcast.
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Renewable Energy
Remembering Buckminster Fuller, 20th Century Super-Engineer and His Beliefs about Humanity
Fuller’s words here have been echoed through the ages, e.g., Mahatma Gandhi’s note: “The world has enough for everyone’s need, but not enough for everyone’s greed.”
The problem: Most people living in our capitalist civilization care very little about what Bucky here called “livingry.” The typical person in the developed world thinks almost nothing about starving children and even less about recasting world society into a place where we take care of the wellbeing of everyone.
He was one of the great minds that have ever graced our planet, IMO.
Remembering Buckminster Fuller, 20th Century Super-Engineer and His Beliefs about Humanity
Renewable Energy
Corporate Greed from the Consumer’s Perspective
Six months ago, our local CVS drugstore had a manager, a handful of employees answering customers’ questions, checking them out at the cash register, stocking shelves, etc.
Last month, I noticed that most of these employees were gone, and the former manager was now stocking shelves. I also noted long lines of customers waiting for an automated checkout machine to become available.
Last week, I saw the former manager working at a nearby grocery store.
Also, the pharmacy is now closed for an hour for lunch. When I asked about this, I was asked, “Don’t you think we employees deserve to eat lunch?” I responded, “Of course I do. But can’t CVS afford to staff the pharmacy so customers are not inconvenienced?”
This is certainly not a unique–or even rare–occurrence; it seem that CVS is like most large corporations, driven by cost-cutting, while abusing their employees and their customers.
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