Weather Guard Lightning Tech
News Flash: Ørsted Cashes in Assets, Adani Launches Massive Turbines, UK and Germany Partner on Offshore Wind
First up, Ørsted harnesses a windfall, scoring a cool €450 million by harnessing offshore assets to powerhouse Glenmont Partners. But they aren’t the only ones making waves–India’s Adani Group storms the market with 200-meter tall turbines packing a 5.2 MW punch. Not one to be outdone, the UK and Germany seal a clean energy pact, connecting their power grids and blowing open opportunities for offshore and carbon capture projects.
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News Flash 11-13-23
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 www.intelstor.Com.
Ørsted has signed an agreement to divest 50 percent of the Gode Wind 3 offshore wind farm in the German North Sea, to Glenmont Partners of all groups. The value of the Gode Wind 3 transaction is roughly 450 million euros. Gode Wind 3 has a capacity of 250 megawatts, and Ørsted has been working on it since roughly 2017, 2018.
Phil, this is well needed cash for Ørsted to help cover some of the OceanWind 1 and 2.
Philip Totaro: It does do that. So this deal is, a normal, probably planned asset rotation, and certainly Glenmont’s been, buying up, stakes in, renewable energy assets all over the world, particularly in Europe.
So they like things that are profitable, and, this project is. So they’re, they’re diving in at a good time. And as you mentioned, the cash does come in handy these days, when you’re talking about, $530 million in write offs in Q3 and, many billions of dollars worth of impairments, which is revenue that they’re probably not gonna recognize at this point.
So that’s, how that works. yeah, the cash comes in handy.
Joel Saxum: Yeah, I think something to be noticed here is that, this is, this is normal rotation stuff for, capital assets. So people are divesting, reinvesting, taking capital, paying off bank loans, going and using that capital to invest in other places.
It’s, a normal rotation, like Phil said.
Allen Hall: Adani Wind, which is part of the Adani Group, has started production of India’s tallest wind turbines. A spokesperson of the Adani Group said that the new wind turbine has a maximum generation capacity of 5. 2 megawatts and a rotor diameter of 160 meters, with a tower height of 120 meters.
So this is a pretty big wind turbine. The Adani Group has received orders for 54 turbines at this point. Phil, there’s a new entry into the Indian wind market.
Philip Totaro: It is, and it’s based on technology that was developed by Wind2Energy, W2E, in Rostock, Germany. They’re a very well known and reputable company that’s been around for a while.
This is, a solid design that’s now received type certification as well. And they’re gonna be able to use it for, the Indian market and the Sri Lankan market, and they certainly have, designs on wanting to be able to export it to other countries.
Joel Saxum: I think it’s interesting that they went straight into the market with a 5.2 megawatt machine. Not even trying to cut their teeth on something small at all, they just said, you know what, screw it, go for the 5. 2.
Allen Hall: UK and Germany signed a new clean energy partnership last week to cooperate on offshore wind, electricity connections, and carbon capture. The partnership aims to accelerate deployment of offshore hybrid projects combining transmission and offshore wind. The countries will also share expertise on carbon capture, utilization and storage.
Including a cross border CO2 transport scheme. Phil, this is going to become the norm where countries in Europe are going to become connected electrically and evidently on some other technologies.
Philip Totaro: Indeed. And when you’ve seen some of the issues that they’ve had with, gas pipelines that are, carrying Russian gas being attacked, we had one in, the North Sea, I believe, just recently.
Between, connector between Finland and Estonia. And there’s, been, concerns obviously since, the Russian Federation invaded Ukraine, formally this time, back in February, 2022. And so ever since then, energy security has been a huge issue. And this is another step in the right direction for these countries to get more grid interconnections going. Which is going to be important, and provide more stability and security moving forward.
Joel Saxum: Yeah, one of the things we talk about, regularly on the show is transmission. Transmission is these interconnects, right? When you have wind resources that are not co located, right? The wind, blows differently near the mainland of the UK versus onshore or offshore and say in the Baltic Sea or whatnot for Germany. They’re able to share then power generation at the same time. So this helps out both countries massively as they grow.
Renewable Energy
Explaining Our Role in the Universe to Young People
At left, we have the words of American planetary scientist Dr. Carolyn Porco, who explores the outer Solar System, beginning with her imaging work on the Voyager missions to Jupiter, Saturn, Uranus and Neptune in the 1980s.
FWIW, I don’t take the same tack. As a guy who’s done his fair share of tutoring young people in science, and who has also raised two kids, I’ve had to deal with the issue a great many times.
When someone wants me to tell them what happens when we die, I ask, “Do you want to know what scientists have learned about the universe as it applies here, or what the believers in an all-powerful God think? I’m happy to explain the ideas of both of of them.”
Normally, at this point, the kid (understandably) wants to change the subject, which is just fine with me.
Renewable Energy
Killing EV Tax Credits Will Hurt American Workers
The global auto market grew by 25% in 2024, and nearly one in five cars sold globally is now electric. A record 1.3 million EVs were sold in the US, a 7.3% year-over-year increase that outperformed the 2% increase in nationwide sales of gas vehicles. Automakers are offering an increasing number of EV models to compete in this rapidly expanding global marketplace.
To ensure that American workers benefit from this global growth, Congress should preserve existing EV manufacturing and consumer tax credits and ensure that automakers build these EVs and batteries in the US. These credits have already unleashed over $215 billion in announced private-sector EV and battery investments and created 238,000 jobs.
If you think this economic boom doesn’t apply to the Southeast, think again. Over the past two years, the Southeast has emerged as the nation’s leading EV and battery manufacturing region, accounting for 38% of the nation’s investments and 31% of anticipated jobs. These investments deliver economic development and employment, especially to our region’s rural communities.
- Topping the list of rural economic development is Toyota’s $13.9 billion battery manufacturing facility in Randolph County, North Carolina. The facility is expected to create 5,100 jobs and is the nation’s highest clean energy investment.
- Hyundai has made the second-largest regional investment at its battery manufacturing and EV assembly plant in Bryan County, Georgia. That investment tops $6 billion and is expected to create 3,400 jobs. It has had a massive ripple effect, with Hyundai suppliers announcing more than $2.7 billion in investments and an anticipated 6,900 jobs across the state.

Manufacturing and Consumer Tax Credits Work Together
The manufacturing and consumer tax credits were designed to complement one another by expanding domestic EV and battery manufacturing, creating American jobs, securing domestic supply chains, and encouraging EV adoption.
Eliminating either the manufacturing or consumer incentives will undermine these goals.
Manufacturing tax credit incentivizes companies to expand and relocate operations in the US, securing domestic supply chains and creating American jobs. Consumer tax credits provide up to $7,500 for new and $4,000 for used EVs and help consumers and fleet operators switch to EVs. The critical hitch is this: Consumer credits are only good on EVs that meet domestic critical mineral, battery, and assembly requirements. This further incentivizes automakers and battery producers — both American and foreign — to build manufacturing capacity here in the United States.
Eliminating the manufacturing tax credit will create uncertainty and chill private sector investments in our region and nationwide. Similarly, if the consumer tax credit is eliminated, incentives for automakers to assemble EVs and source batteries in America, by American workers, will disappear.
Researchers from Princeton University’s REPEAT Project recently determined that without the consumer EV tax credit, “EV sales in the US could decrease 30% by 2027 and nearly 40% by 2030. Such a slowdown could lead to 100% of planned expansions of US EV assembly plants being canceled, and could make 29% to 72% of US battery-manufacturing capacity redundant, according to the study. Factories that are idled—or never built in the first place—mean fewer jobs. And based on the distribution of current EV-related manufacturing projects, red states could be hit the hardest.”
In the Southeast, Representative Buddy Carter in GA’s 1st District supports maintaining EV and battery manufacturing momentum. Hyundai’s plant is located in his district. Use the button below to tell Rep. Carter to keep fighting for advanced auto manufacturing jobs in Georgia and beyond.
Meanwhile, Chinese brands, which account for half of all EVs sold globally and 80% of the world’s lithium-ion battery production, would be thrilled to see the end of America’s EV and battery manufacturing renaissance.
Congress, particularly Republican senators and representatives from districts with investments and jobs at stake, must understand that eliminating the tax credits will weaken domestic EV and battery production and the domestic EV market, thereby delivering the global EV market to Chinese automakers and battery producers, and undercutting American workers and undermining America’s supply chain security.
Congress should prioritize strengthening the American auto sector’s ability to compete globally, securing America’s supply chains, and protecting American jobs. Federal tax credits are helping us catch up in the international EV race by incentivizing American automakers to expand EV manufacturing and global auto and battery manufacturers to invest in America. Killing the tax credits will all but ensure that Chinese companies win and American workers, including nearly 74,000 in the Southeast, lose.
The post Killing EV Tax Credits Will Hurt American Workers appeared first on SACE | Southern Alliance for Clean Energy.
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