Weather Guard Lightning Tech
RWE Finances and Equinor’s Empire Wind Struggles
This week Allen discusses the European Investment Bank’s major wind farm investment in Romania, the financial performance of German energy giant RWE, and the potential cancellation of Equinor’s Empire Wind Project due to regulatory challenges.
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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: Okay, starting off the week over in Romania, the European investment bank is investing 30 million euros in a major wind farm project in Romania. The poster two project located near the Black Sea, will have a capacity of up to 400 megawatts.
That’s enough to supply over 1.4 million Romanian households for an entire year. The EIB is partnering with Copenhagen Infrastructure Partners on the project with the total investment expected to be in excess of 500 million Euros.
Construction is due to start later this year and it will bolster the European Union’s push for climate neutrality by mid-century.
German energy Giant RWE, reported an adjusted EBITDA of 1.3 billion euros [00:01:00] for the first three months of 2025. Adjusted net income amounted to 0.5 billion euros as expected earnings were below the level of the same quarter last year.
This decline was primarily attributable to normalization of income in the flexible generation segment and a weaker start to the year in the trading business. The commissioning of new offshore wind farms, solar plants, and battery storage facilities had a positive impact on the company’s performance.
RWE commissioned 600 megawatts of new generation capacity in the first quarter alone. The company, currently has new plants with a combined capacity of 11.2 gigawatts under construction. Michael Mueller, chief financial officer of RWE, stated that they were reaffirming their full year earnings forecast after a solid start to the year.
He noted, that the company is making great progress in expanding its portfolio in a value accretive manner. Construction projects remain on schedule [00:02:00] and on budget.
Over in Norway, Equinor is warning it may cancel its Empire Wind Project off New York’s coast.
Following a Trump administration stop work order, the company is spending $50 million weekly to keep the project afloat while awaiting resolution. Molly Morris, president of Equinor’s US renewable energy arm, describe the situation as unsustainable. The Interior Department led by Secretary Doug Bergham ordered Equinor to halt construction
on April 17th. The order cited information suggesting the Biden administration may have approved the project without a thorough environmental analysis. The stop work order stemmed from a report by the National Oceanic and Atmospheric Administration.
However, Equinor says it has not seen the report and is not aware of the specific concerns raised. The project represents a significant investment for Equinor. The company has already invested $2.7 billion in the [00:03:00] Empire Wind Facility.
Currently, 11 vessels with 100 workers remain on board, sitting on the water, waiting for an order to resume work. That’s this week’s top. New stories. Stay tuned tomorrow for the Uptime Wind Energy Podcast.
https://weatherguardwind.com/rwe-equinor-empire-wind/
Vestas Turbine Tops 199-Meter Tower, OECD Flags China Subsidies
Allen covers a Vestas turbine on a 199-meter hub in Bavaria, Dominion’s 44 turbines up at Coastal Virginia Offshore Wind, an OECD report on Chinese subsidies, and Nordex’s push to keep non-Western turbines out of Europe.
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!
Vestas Turbine Tops 199-Meter Tower, OECD Flags China Subsidies
I subscribe to a social media feed called “I Love Old Homes” because I have an appreciation for the history of architecture, especially that which was built in what is now the United States between the late 17th Century and the 1930s. At the risk of coming off as weird, I try to picture myself living in some of these places, and some of these daydreams are quite pleasant indeed.
At left, we see something from the “beaux arts movement” in the Gilded Age of the late 19th Century that I find abhorrent. In its essence, it says that I have disdain for those less fortunate.
You don’t have a fireplace to keep you warm as you walk up one of your many staircases? What a tragedy.
We live in times when 1.5 billion people can’t get a glass of clean water and you want to live like this? You don’t care that the planet we live on is becoming more inhospitable with each passing year, as long as you can live in the most extreme upper end of luxury? There are rooms in your house that you’ve never even stepped in? Some that you can’t actually find?
Apparently this works for some, but not for me.
Renewable Energy
ACORE Statement on Bipartisan American Affordability and Jobs Act Substitute Amendment from President and CEO Ray Long
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Policy -
Press Releases
ACORE Statement on Bipartisan American Affordability and Jobs Act Substitute Amendment from President and CEO Ray Long
WASHINGTON, D.C. — ACORE supports the Senate negotiators’ agreed-upon Substitute Amendment for the Bipartisan American Affordability and Jobs Act (BAAJA), and we urge swift passage of the bill.
This Substitute Amendment represents corrections and clarifications that maintain the bill’s goals — to fix our woefully broken permitting system. The Amendment specifically improves the transmission provisions, allowing us to make much-needed upgrades to our grid so we can build more clean energy.
This bill will help to put downward pressure on energy prices, improve our electricity reliability, and ensure we have enough power to keep the lights on for families and factories. The status quo of high power prices and anticipated energy shortages is unacceptable. This bill will streamline the build-out of our power infrastructure. The time is now.
Let’s get this bill passed and start building.
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About ACORE
ACORE is a nonpartisan nonprofit organization that operates at the intersection of affordability, reliability, and clean energy deployment. Our work is focused on stabilizing energy prices, strengthening the electric grid, and driving investment in cost-effective technologies to ensure that clean energy delivers for people, businesses, and the U.S. economy.
ACORE convenes a membership spanning the full clean energy value chain—investors and financiers, developers and EPCs, hyperscalers and energy buyers, manufacturers and advisors. Our members were directly involved in more than 80% of the American clean energy infrastructure projects added to the grid in 2025. We champion all clean energy technologies including transmission, solar, wind, storage, geothermal, hydropower, nuclear, and beyond. ACORE members are the companies investing in and building tomorrow’s electric power system, accelerating infrastructure development, strengthening grid reliability, and enhancing domestic competitiveness.
Media Contacts:
Tamari Palmer
Associate, Communications
palmer@acore.org
Chris Higginbotham
VP, Communications
higginbotham@acore.org
The post ACORE Statement on Bipartisan American Affordability and Jobs Act Substitute Amendment from President and CEO Ray Long appeared first on ACORE.
https://acore.org/news/acore-statement-on-bipartisan-american-affordability-and-jobs-act-substitute-amendment-from-president-and-ceo-ray-long/
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