Radial Power has closed on $80 million in tax equity financing from Bank of America to support the company’s pipeline of distributed generation projects through late next year, encompassing both asset and portfolio-level turn-key integrated projects.
This tax equity capital raise, alongside back leverage, is planned to help fund the development and installation of an estimated 96 MW of C&I and community solar projects, as well as support real estate customers across at least nine states.
“This strategic investment will support Radial Power’s robust pipeline of low-cost, low-carbon clean energy solutions that enable offtakers to meet their ESG and sustainability goals,” says John M. King, CFO of Radial Power. “Our national portfolio of best-in-class distributed generation projects is unlocking revenues from underutilized real estate, delivering value to our customers, and accelerating a reliable U.S. energy transition.”
This deal marks the inaugural tax equity financing Radial Power has closed with Bank of America.
“We are proud to support Radial Power in this latest milestone. The tax equity transaction underscores Bank of America’s commitment to mobilize and deploy $1.5 trillion in sustainable finance capital by 2030, and to support the scalable and affordable delivery of clean, local power to communities, businesses and individuals,” adds Bank of America’s Danielle King.
Latham & Watkins acted as legal counsel to Radial and Milbank to Bank of America.
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Radial Power Closes $80 Million in Tax Equity Financing From Bank of America
Renewable Energy
Hitting the Tipping Point
Have we hit the tipping point on climate change? For example, has the melting permafrost in the Arctic released so much methane that a runaway feedback loop has been established?
As suggested at left, an analogous question could be asked about the level corruption in the U.S. government.
Renewable Energy
Nordex Outsells Vestas, GE Vernova Rebuilds Wind Team
Weather Guard Lightning Tech

Nordex Outsells Vestas, GE Vernova Rebuilds Wind Team
Nordex closes in on Vestas in onshore orders, GE Vernova rebuilds its wind team, Nexxis buys BladeBug, and wooden blades draw doubts.
The Uptime Wind Energy Podcast is brought to you by Weather Guard Lightning Tech, creators of the StrikeTape Ultra LPS retrofit. Subscribe to Uptime’s Substack newsletter. And check out Rosemary’s “Engineering with Rosie” Youtube channel. Have a question we can answer on the show? Email us!
Renewable Energy
Siemens Gamesa Builds Hornsea Blades, NEMS Invests in Perth
Weather Guard Lightning Tech

Siemens Gamesa Builds Hornsea Blades, NEMS Invests in Perth
Siemens Gamesa starts Hornsea 3 blade production in Hull, Germany approves an Offshore Wind Act amendment, and Nexxis buys BladeBUG.
The Uptime Wind Energy Podcast is brought to you by Weather Guard Lightning Tech, creators of the StrikeTape Ultra LPS retrofit. Subscribe to Uptime’s Substack newsletter. And check out Rosemary’s “Engineering with Rosie” Youtube channel. Have a question we can answer on the show? Email us!
Episode Transcript
Uptime News Flash
September 7, 2026
Happy Monday, everyone. Well, let’s talk about the biggest wind farm on earth. It doesn’t exist yet, but its blades are being built right now. Over in Hull, England, Siemens Gamesa just started making blades for Ørsted’s Hornsea 3 offshore wind farm. That’s two point nine gigawatts, one hundred and ninety-seven turbines. Each blade is longer than a football pitch. Fourteen hundred workers build blades in that factory, turning raw materials into finished product. When complete, Hornsea 3 will power more than three million British homes. It’s the single largest offshore wind farm in the world.
And if we slide over to Germany for a moment, the German cabinet just approved an amendment to the Offshore Wind Act, the WindSeeG. It’s headed to the Bundestag next. The goal? New rules by January first, twenty twenty-seven. But the Offshore Wind Energy Foundation says the draft does not go far enough. Sixteen gigawatts of awarded projects are still waiting on final investment decisions. Sixteen — that’s quite a few. The foundation wants a new way for developers to hand back sites they can’t build, so those sites can be re-tendered quickly under conditions that actually work. Sort of a use-it-or-lose-it approach. That’s the idea.
We’ll head a little further east to India. India ranks fourth in the world for installed wind power, but probably not for long. A government official said this week that India will overtake Germany and become the world’s third-largest wind energy nation by twenty thirty — one hundred seven gigawatts of installed capacity. India added a record six gigawatts last year alone, shattering their previous record of a little over four gigawatts. And twenty-eight more gigawatts are under construction right now. Impressive.
Let’s head down to Western Australia, because a company called National Electric Motor Services, NEMS for short, is building a one million dollar facility in Perth to test and repair wind turbine generators. Right now, Australian wind farm operators ship their broken generators overseas for repairs, and that takes months. NEMS is the only authorized service center for ELIN Motoren in all of Western Australia. This is the fifth project funded through Australia’s Wind Energy Manufacturing Co-investment program. Local repair, faster turnaround, and homegrown capability — that’s all good.
And staying in Australia, Perth-based Nexxis Technology just bought a British robotics company, BladeBUG. BladeBUG is a robot that uses suction cups to crawl across wind turbine blades. Nexxis already has a robot called Magneto that uses electromagnetic adhesion to climb steel structures. If you put the two together, you can inspect almost any surface on a turbine, or about anything else. Add AI and machine vision, and you have robots that can see what human eyes might miss, from places human hands shouldn’t have to reach. It’s safer, faster, and it’s going to be a lot smarter.
One more story before we finish today. Siemens Gamesa has now installed more than 300 recyclable blades in six countries. The secret is a new resin. Unlike conventional resins, this one lets you separate the blade components at end of life, so you can separate the fabric from the resin. Cool stuff. Jonas Pagh Jensen, head of sustainability at Siemens Gamesa, says the technology is ready for full-scale use. And Siemens Gamesa has already installed 36 GreenerTower units — steel towers with 63% lower carbon emissions. So although sustainability may have faded from the headlines, it’s still in tender documents, and it’s showing up more than ever. In Denmark, the Netherlands, and France, buyers are all asking about recyclability and decarbonization before they award contracts.
So what should you be watching this week? Recyclability is no longer a nice-to-have — it’s a must-have, and it’s showing up in tender scoring. If your blades can’t be recycled at end of life, you may not win the contract to begin with. And a lot of supply chains are going local. Australia doesn’t want to ship generators overseas anymore. India is building its own turbine factories. The countries buying wind power want it built at home. For professionals in the wind industry, the competitive edge is shifting — it’s not just who can build the best turbine, it’s who can build it locally, recycle it fully, and inspect it without putting a person in a harness.
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