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TPI Files Bankruptcy, Ørsted Fundraising Round

The crew discusses TPI Composites’ chapter 11 bankruptcy filing and Ørsted’s $9 billion fundraising amid financial challenges. Joel gives an update about the 2026 Melbourne Wind O&M Conference.

Sign up now for Uptime Tech News, our weekly email update on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard’s StrikeTape Wind Turbine LPS retrofit. Follow the show on Facebook, YouTube, Twitter, Linkedin and visit Weather Guard on the web. And subscribe to Rosemary Barnes’ YouTube channel here. Have a question we can answer on the show? Email us!

You are listening to the Uptime Wind Energy Podcast brought to you by build turbines.com. Learn, train, and be a part of the Clean Energy Revolution. Visit build turbines.com today. Now here’s your hosts, Alan Hall, Joel Saxon, Phil Totaro, and Rosemary Barnes.

Allen Hall: Welcome back to the Uptime Wind Energy Podcast, Joel Saxon.

Is in Australia. You want to tell everybody where you’re at at the moment?

Joel Saxum: Yeah, we’re down in Melbourne. I’m here with Matthew Stead from Ping as well. Uh, Rosemary was supposed to join us, but uh, of course she’s under the weather. Uh, but we are down here doing basically a, a tour to Melbourne, uh, I guess you could say, of the wind industry.

So if you don’t know in Australia, a lot of the wind operators, uh, and ISPs, uh, and OEMs, to be honest with you. Are located here in Melbourne, uh, and we are talking to them all about the conference that we’re gonna put on this February. Uh, it is a, the, the new and improved version of the, [00:01:00] uh, successful one we did last year.

So we’re taking the feedback that we got right after the event last year, uh, connecting with these, uh, all the stakeholders down here and seeing what do they, what do they want to hear for the next one? What did we do well? What could be better? Uh, we’re looking at venues, we’re doing kind of all the above to get this, uh.

Conference up and running, and I know, uh, Matthew and I, I think we’ve had four to five meetings a day, every day. Um, thank you to the people that we’ve met with, if you’re listening, because it’s been really good for us, uh, very engaging, lots of feedback. So I think we’ve got a, we’ve got a good list of speakers lined up and then also, um, content for next year.

That’s great. So what we’re looking at right now as well, uh, if you’re inking this on your calendar. For the, uh, wind energy o and m 2026 conference here in Melbourne is February 17th and 18th. This year we’re gonna do two full days of, uh, panel discussions, round tables, and all kinds of information sharing.

[00:02:00] Uh, the goal, of course, just like last year, gather up some of the smartest people in wind and share strategies that you can take back, uh, for operations and maintenance and, and action within your company.

Allen Hall: And Phil Tarro of Intel stores out in California. And Phil, this has to be one of the. Busiest weeks in wind on the investor side.

So much happening. Osted, uh, is going to issue a $9 billion emergency fundraising round. And I want you to frame this a little bit. I, I, I’ve heard so much on the news and been reading a lot about this, but there’s several undertones, several things happening at the same time and there really hasn’t been a clear path as to why.

Osted has decided to go forward on this fundraising round?

Phil Totaro: Well, effectively it stems from two big things. One is obviously they had shown some financial losses, uh, recently, and this is going back a couple of [00:03:00] years now that had necessitated. You know, companies like EOR coming in and taking a 10% stake, um, just to bolster them again, we, we talked on the show before about the fact that they’re not necessarily wanting to take over, although now there’s some people in, you know, Denmark, that are kind of pushing the Danish government to sell off their chunk.

And the presumption is that it would be sold to, to somebody like eor. So we’ll still see if that’s possible or even. You know, uh, likely to happen, but there’s a project here in the United States called Sunrise Wind, which Ted was hoping to sell off a chunk of to a co-investor and. Because of some of the rule changes around, um, tax credit qualification, they’re probably not going to be able to move forward in the way that they had hoped to, um, with that stake sale.

And as a result, [00:04:00] it’s leading them to absorb a lot of the, um. You know, financial losses from, you know, some of the delays and, and other issues that they’ve had with getting a lot of these offshore projects, you know, uh, up and running. Uh, it’s, it’s kind of forcing them to do this capital raise to be able to provide themselves with enough cash to be able to continue operating.

The

Allen Hall: Sunrise Wind Project was a partnership between Orit and Eversource, and Eversource pulled out of that roughly a year ago. And the other one, which had a partner that, uh, Ted had who pulled out was for Ocean Wind one and two, which was PSEG, which is a New Jersey power company. Eversource being a northeastern power company, essentially those two pulled out like in 2023 and 2024 when the price of steel went up, inflation was high, the cost of the projects went up.

So they’ve been out for a little while still. [00:05:00] It was in that interim that Osted just wasn’t able to find anybody to join in on those projects. And it does seem strange, and again, I want to get to this point. All the US investment and offshore, all the US companies are all out. Basically you have EOR and you have Osted Dominion.

Dominion. Okay, that’s true. But Di Dominion is sort of a different animal.

Phil Totaro: The the reality is, yes, is the short answer to your question, Ellen, that they, they had tried to find another co-investor after, um, Eversource pulled out. The challenge with that was that there. Has has also been, um, an effort by the project developers to try and renegotiate the PPA prices.

Eversource was gonna be one of the main off takers for this. They don’t wanna have to absorb a significantly higher price. And then have to find ways of passing [00:06:00] that on to to customers. And it’s also what led to this challenge of sted not being able to find a new co-investor after Eversource pulled out.

Um, you know, with interest rates being so high. And not being able to renegotiate the PPA anymore. Y you know, the developers that are still, you know, have their lease areas and, and are pursuing their projects. They’re locked in to whatever they’ve got at this point. If nobody else wants to come on board, then it’s up to Ted to basically eat the entire cost of this thing and thus, you know, a major contributor to the capital raise.

Allen Hall: So the discussion online is that the Trump. Administration sort of forced this to happen. That isn’t necessarily correct. I think a lot of this has started a year or two ago. You remember also. Phil with Ocean Wind one and two, the exit fees with the state of New Jersey. I think that Osted was [00:07:00]going to have to pay somewhere around $300 million to the state of New Jersey, and I think they ended up paying less than half of that at the end.

But it’s still a lot of money. There’s a lot of money in exit fees that Osted has paid over the last two years roughly, or, or buybacks. They, they paid Eversource to get

Phil Totaro: out. Essentially just to also clarify, you know, what, what the administration’s done has not helped. I think we can all agree on that. The, but the reality of it is that yes, they, they were already in a bad situation that got made even worse by.

Increasing the risk of, you know, particularly a foreign investor coming in and, and being a co-investor in, in this project. Obviously there are any number of utility companies in the United States that could have, you know, uh. Co-invested in, in this project along with Sted. They chose not to because they don’t like the economics of offshore wind.[00:08:00]

Uh, and that’s just the, the reality at this point in time. Uh, I mean, duke Energy this week, or I guess last week as, as this episode airs also just announced that they’re gonna cancel their two North Carolina projects because of the same thing. It’s, it’s basically down to the economics of the project.

And at the end of the day. If you’ve got somebody in the administration that’s making, you know the, the investment environment look even worse than what it already was before he even came into office, then it’s going to necessarily, you know, take more options off the table for. Potential investors that could have come in and at least helped, uh, kind of share the, the risk and, and, you know, reduce the amount of, of capital outlay that OSTED would’ve had to make just by themselves.

In my

Joel Saxum: mind, with this new kind of like P-T-C-I-T-C cliff coming, there’s no [00:09:00] reality where, uh, capital gets cheap enough, interest rates get low enough in time for any of that to change like that, that’s just not gonna happen. We’ve got 18 months and we need to, it would have to come down by percentage points, not basis points.

And I don’t think that’s going to, there’s no reality of that happening. I think

Allen Hall: that’s true, generally speaking. Right? But I think the problem is, is where are the New York’s and the Massachusetts of the world gonna be able to get power from? They need this, they really do need offshore wind. The prices of electricity there, uh, if you’re a consumer, is about $300 a megawatt hour.

That’s what I was paying in Massachusetts to buy power on the grid. So $150 a megawatt hour coming off of the, uh, you know, offshore wind farm. Yeah, wholesale still is, is high compared to other parts of the United [00:10:00]States, but as it’s half of what I was paying as the consumer. So there

Phil Totaro: is, uh, a dichotomy there, right?

Yes. But keep in mind, that’s only for the generation cost. So where, where I am in California, I pay basically $380 a megawatt hour for electricity as a consumer. Now half of that. Is generation. The other half is, uh, split between the transmission and distribution cost plus the overhead to Southern California Edison as the utility.

The reality is that yes, the, the generation cost may be 150 bucks, but they’re still gonna have to raise prices for consumers to be able to sell them the power because you have to factor in the transmission and generation cost, and they’re gonna wanna maintain at least a 20% overhead on all that. And because that’s literally their profit margin.

Allen Hall: Well, Phil, what I’m trying to get at is the other half of the equation, the [00:11:00] transmission distribution piece is not cheap. So we, we force all the, the generation side to be as low as possible, but the people in the middle, it’s the middlemen, as they would call it, are taking a substantial amount of the money that you’re paying for electricity today.

So yes, offshore wind is expensive. So is transmission and distribution. And you would think something has been around for 30, 40, 50 years, transmission and distribution, most of it in the United States has been around at least that long. You think that the cost of that would come down over time and it really hasn’t.

Uh, which the economics doesn’t make any sense about that. So when it’s, when we’re talking about Ted, like, yeah, yeah, yeah, all this is not great for Ted, but there is something wrong with the system

Phil Totaro: where Ted can’t make this work. Which is also why we probably shouldn’t have the government canceling transmission projects because we need them and taking, you know, 700 million plus [00:12:00] dollars out of the, um, you know, department of Energy’s grant budget for transmission projects.

I mean, this is a time when we need a lot of that technology, but because it has any association with wind and solar, it’s getting pulled. So, uh, you know, uh, that’s a, that’s a decision that’s been made by the DOE

Joel Saxum: Phil and I, and I back this one up. I saw this just, uh, yesterday. I think there was like a, a double digits coal projects pushed forward.

I don’t know if you saw that. There was like a, there was a pre, there was a press release where there was like something like 11 coal projects or something like approved to move forward and it’s like. This is, this is yesterday. This is yesterday’s technology. We’re moving forward. Why are we pushing coal?

And there was a guy on Fox News talking about it, and he was saying. They were saying like, well, have you made strides for coal to be cleaner? Because of course you have. And he was like, no, there’s always gonna be a footprint. [00:13:00] Like there was no, there was no like, yeah, we’ve done this clean coal thing. He’s like, ’cause Trump deal talked about it as clean coal.

And uh, they were like, well, you know, it’s coal. There’s always gonna be a footprint with mining. So

Allen Hall: yeah, that’s our re that’s our reality. Are we still gonna dig rocks and then burn them? Is that the plan? Because it does seem a little bit easier to take the wind and turn it directly into electricity.

Same for solar. Turn the sun into electricity without having people digging rocks and moving rocks and transporting rocks and trails to rain and fires and the whole bit. It’s insane

Phil Totaro: right now. Well, for those that also don’t understand wind and solar, by the way, contribute $3.5 billion annually to. Lease payments to landowners directly and to state and federal tax coffers.

So, you know, you, you wanna explain why that’s not [00:14:00] worth something. I’m, I’m prepared to hear it as an American citizen. You can also explain to me, if you’re the government, why you’re canceling lease auctions at Boem, that would’ve generated $1.8 billion for the federal government. That’s revenue that you’re literally throwing away.

Even if you don’t like wind, you don’t wanna see it. It wasn’t not like it, it’s not like it was gonna get built during, you know, his presidency anyway. Why not at least take the money? And then the project developers can go build it, which by the way, they’re gonna do anyway. They can just go build the projects after you leave office.

So you know what? You can’t paint yourself as being pro-business when you actively turn away money.

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OGs Ping has you covered The cutting edge sensors are easy to install, giving you the power to stop damage before it’s too late. Visit [00:15:00] eLog ping.com and take control of your turbine’s health today. So Joel watching the Osted stock price. Once they announced this new stock offering, it plummeted about 30% and plummet is probably a pretty good word.

I’ve used the word cliff to describe the drop off to rosemary the other day. It dropped a ton. It hasn’t. If you, I went back and looked at like the 10 year on Sted stock. It was doing great in like 20 20, 20 21 just after COVID, and it’s come down quite a bit since then. But Sted, as an organization is still making money now, not making money as fast as they were before, but they’re still making money.

What? Does this really mean in terms of the long-term outlook for Ted?

Joel Saxum: Well, I know it’s, it’s got the industry of buzz, right? I think I, I woke up, uh, of course I’m in Australia right now, so the time zone’s a little weird, but I woke up with a large handful of [00:16:00] messages from friends around the world. Did you see Orid stock price?

Did you see, or stock price? Um. I think that, uh, I mean, we’ve kind of, we know the situation we’ve talked about on the podcast a lot about what’s going on in offshore wind and the, you know, the impairments on projects and the difficulty in financing and kind of the headwinds that they’ve been facing or as a whole.

Um, at the end of the day, you can see, because I, this is my take, you know, I’m not an economist, but when I looked at, um, how the stock price fell and then it flattened right off. It was like, well, cliff, and then straight off I was thinking, okay, this is institutionalized money that understands what’s going on here and you lower that price than there’s the stock offering, so there’s a cheaper way to get into, or Ted here.

I don’t think it’s gonna affect the long, long term outlook of the company. Like the immediate stock share pricing dropped like a third. That sucks. Right? But it’ll come back, I think, and if you look at, like what you said, the 2020 on [00:17:00] trend, that trend follows a lot of other pure play wind companies as well.

I mean, I guess I, I, I would, I would consider or set a pure play wind company, even though they’re probably 90%. Because they dabble in some battery stuff and V two X stuff and some hydrogen, whatever, but they’re a wind company. Um, and if you watch the trend of other companies in the same space, like they’ve been getting beat up for the last four or five years, uh, during this COVID play, um, or since then.

So I think that, again, the long term run for them, they’ll, they’ll be healthy. They’ll come outta this, they’ll raise some money, um, make some moves so that, I don’t think it’s gonna be a big issue.

Allen Hall: Phil, same thought. Is it gonna be a big setback for Ted or are they gonna need to. Try to sell off some assets because that’s the talk around the industry is that.

They’re gonna do this fundraising effort, but at the same time, they’re gonna try to offload a couple of projects or things that have value today to improve their long-term forecast.

Phil Totaro: Yes. And I [00:18:00] would concur that that’s likely, but that’s also not to freak anybody out because Yeah, I mean, companies normally do this kind of an what they call an asset rotation.

Up until now, particularly with their offshore portfolio, they’ve owned. Almost a hundred percent of most of their projects and only, it’s only been in the past, like five years that they’ve even been adopting the philosophy of going in and getting, um, investment partners to come along with them. Um, and it’s, it’s also, uh, you know, it’s something.

That, that’s been possible through the capital markets as well. The, the problem for them is that they negotiated poorly probably about three, four years ago on some of these contracts that they worked out, particularly for the power offtake in places like New York or New Jersey, et cetera, that led them to these, um, you know, big.

You know, fees for pulling out of [00:19:00] projects and, and cancellation fees, et cetera, et cetera, that, um. It, you know, left them with a lot of, uh, debt and other kind of cash related liability on their books. So the capital raise is necessary. The, the project, um, you know, asset sales and, and things like that, the asset rotation that they can undertake, that’s also necessary in all likelihood.

My concern for Sted, the bigger concern here is. Whether or not they are really going to. Keep flowing cash into potentially unprofitable ventures.

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With Eco Pitch, you can catch problems early, saving hundreds of thousands of dollars. Field tested on over 3000 blades. It’s proven reliability at your fingertips. Choose Eco Pitch for peace of mind. Contact Onyx Insight today to schedule your demo of Eco Pitch. And experience the future of Blade monitoring TPI composites, which controls about 25% of the global wind blade market, excluding China, of course, uh, has filed for chapter 11 bankruptcy with liabilities somewhere between one and $10 billion that they weren’t very specific in the filing.

Uh, there is a lot of questions about TPI at the minute. They have an order book and they push out like 6,000 blades a year, something around that number. Oaktree capitals come in, it has backed them. [00:21:00] Chapter 11, if you’re not familiar with bankruptcy Methods, chapter 11, it allows you to continue to operate and reorganize and restructure your debt.

Chapter seven and some of the other ones are pretty much an immediate shutdown. So TPI is going to continue making blades or getting some funding. But Joel, this is actually a big hit to the GEs of the world who rely on TPI to produce blades. Is it though, right,

Joel Saxum: because you usually, in chapter 11, you usually have like a tiered, a tiered debt structure too, right?

There’s like, there’s Class A, class B, class C, right? So their debt to A TPI is normally gonna be. Raw materials, uh, logistics, those kind of things. Unless, and I don’t know how they do their business. Right. There may be a case where you’re like, ’cause TPI does a lot of work with ge, right? They may have ge, GE may be doing the logistics on their end, so that might not even be on TPIs side of things.

So it’s like. Building rent, [00:22:00] um, you know, uh, capital assets. So if they have loans out against buildings or some things like that, right. Those are usually class A type things where they get paid off first. It’s a little bit rocky, but they’re, they’re able to continue to work, right. So it’ll be, they’ll, they’ll be some changes, but it, they, it shouldn’t upset the wind industry.

Like it shouldn’t have set the supply chain.

Allen Hall: Well, it does introduce another layer of bureaucracy because once you enter into chapter 11, you can’t. Buy supplies, you can’t sell things as easily. It, it becomes much more transactional. You have to have approvals to, so you can’t start selling off assets behind the scene.

Chapter 11 is a very structured environment that you have to operate in. You don’t want to be there if you can avoid it because it just makes things harder to do. But at the, at the same token, and Phil, maybe this is where part of the problem is, they have plenty of orders. But are they getting paid on time?

Which is my first question. Had they been getting paid when they should be getting paid? [00:23:00] And then second has quality issues, uh, about a year or two ago, sort of stacked up where they’ve had to do warranty claims and spend a bunch of money that they weren’t expecting to. Is that what led to this, uh, eventual chapter 11 filing?

Phil Totaro: Yes, all those did contribute. They also had issues, uh, and unexpected costs associated with their expansion. They had some strikes in Turkey where people wanted more money. Um, you know, there were any number of things that that occurred. But I, I wanna go back to this notion that they have up to $10 billion in liability on.

You know, uh, a company valuation of, what did you say before, Alan? It’s like a few million dollars market cap right now for TPI is $7 million and that’s down from a hundred million a couple months ago. That’s extremely concerning, uh, considering the fact. That a, they have such a wide range, you know, between 1 billion and 10 billion.

And [00:24:00] secondly, that obviously stems from the quality issues that go back a number of years. So, I mean, I remember us talking about it a year or two ago on the show about how they’ve brought, you know, uh, quality experts in and, uh, you know. Manufacturing head chief Technology officer, uh, even the CEO got replaced, uh, at one point because of, um, some of the quality issues that they had and how it was being handled by the previous management.

So presumably this is part of a strategy to, you know, again, restructured the debt certainly, but it. You know, these, the liability issues could still persist. Um, because even though, you know, you’re getting bankruptcy protection in chapter 11, um, nobody’s gonna want to come in and buy the company anyway.

You know, they, if they had entered chapter seven where it was a liquidation, then that’s [00:25:00] a scenario where you could have, you know, I, I wouldn’t necessarily. Necessarily say it would’ve been GE Renova comes in and, and buys them. But, um, it could have even opened up the opportunity for, you know, a foreign company to come in because their factories already have, uh, tax credit qualification.

Um, and so somebody could have stepped in and, and, you know, taking that over, but. This is, uh, uh, just the recognition that, okay, if they’re in chapter 11 and they’re restructuring their debt, it doesn’t mean that the debt goes away. It might get reduced. Um, and hopefully it gets reduced if it’s $10 billion.

Um, but because that’s, I mean, that’s literally almost their entire fleet of blades needs to be, yeah. Would need to be replaced.

Allen Hall: Yeah. And, and Joel, I think this is the real crux of this is. You can’t have a billion dollars in debt and operate a blade factory. [00:26:00] That doesn’t make any sense. Do they eventually clear this out?

What do you think is going to happen to TPI do. They just continue to operate. No one has any interest in it. They just continue to make blades and bring in some revenue and restructure the debt. I, I don’t see this ending

Joel Saxum: ending. Well, chapter 11 sometimes is a gateway drug to. Shutting the doors. Yeah.

That could be happening. And then, and then it’s fire sale because then the lawyers step in and you know, there, there’s oversight there. And someone could pick up the assets or the assets get parted out to try to pay back the debtors or the creditors, sorry. Uh, so you could see other blade companies, you could see some something odd or Sonoma and Aris, or of course, I don’t have the insight into those as much as.

Maybe Phil does, but you could see someone else buying this assets.

Phil Totaro: Yeah, it wouldn’t be Sonoma right [00:27:00] now because of the foreign ownership thing for the tax credit qualification, Joel. Um, but there are, you know, you mentioned one company that, that could be interested and has expressed interest in, you know, getting a, a footprint in the us but there’s also companies, you know, in, uh, other parts of the world that.

You don’t want to have a presence here in the States, uh, that wouldn’t necessarily be subject to, you know, the, the foreign entity qualification, uh, restrictions to qualify for tax credits. So there are possibilities for this long term. Does

Allen Hall: it leave a door open for a company to come in and clear the books, settle the debts on some level, and then you continue on as a restructured company?

Joel Saxum: Or this, or think about this one. And, and this is, this is a long shot, right? But does it leave a door open for someone to watch TPI fall on their face and start [00:28:00] up a blade company?

Allen Hall: I don’t think so. That’d be hard because there’s so much, there’s so much momentum right now with TPI. It’d be really hard to do that, be like, I’m gonna use an aerospace equivalent.

It would be like Boeing Aircraft and Spirit. And Spirit was Boeing at one point, then broke off and set up their own company and was supplying pretty much all Boeing. Uh, parts, but Boeing has reacquired it because it came in in trouble, very similar to the TPI situation. Not that TPI was owned by an OEM, but it does sort of lend itself to ge.

Renova designs are coming through TPI all the time in a couple of the manufacturers, for that matter. Somebody’s gotta do something. They need parts.

Phil Totaro: Yes, but here’s, here’s the reality and ’cause I’ve actually studied a bunch of the different m and a deals that have happened in wind energy over the years.

What happens in most industries with m and a is healthy company buys smaller, healthy, but growing company. In [00:29:00] wind energy, we don’t really have that. When m and a happens, it’s usually healthy company gobbles up assets of, you know, unhealthy company that are still valuable and then leaves the debt to somebody else like, and that’s why.

The chapter 11 thing is interesting because if they’re restructuring the debt, it means they can reduce it a little, but the debt is still gonna be there. If I’m going in and saying that the company’s worth 7 million in a valuation, but they have a billion dollars in debt even after, or during chapter 11, I’m not buying it.

Um, because who wants to absorb that? Nobody, nobody wants to do that. So the reality is, what Joel mentioned is are people gonna watch while this thing falls on his face? And then out of the ashes of, of this something new, uh, arises? Yes, I will actually agree with and support that notion. Not that I’m hoping TPI fails, but.

That’s [00:30:00] more likely to happen if the worst transpires and TPI can’t pull themselves out of this. That is more likely to happen than some, you know, angel investor, uh, or angel of an investor, uh, swoops in and, and grabs them up and, and says, you know what? We’re, we’re gonna. You know, keep you healthy and keep you going because you’ve got this $1.6 billion order book.

What, what we have in the wind industry are vultures who come in and they start plucking away at that $1.6 billion worth of order book and taking it for themselves. And, you know, the remnants of that carcass can go, you know, die in the desert somewhere.

Allen Hall: No, I, here’s, here’s my. 30,000 foot view of TPII hope they can make this work.

There’s a lot of workers and a lot of the wind industry that relies upon them. They cannot close. They need to keep producing and, and everything that’s happening in the world right now, uh, with Sted [00:31:00] is not great. But TPI has a bigger impact I think. In terms of where we’re going over the next five to 10 years, we need blades.

TPI makes a lot of blades. They’re pretty good at it, but the financial situation is just not good at

Phil Totaro: the moment. And keep in mind too that because of these changes in the law for production tax credits and investment tax credits, TPI needs to keep producing blades for now. Uh, which is one reason they were probably able to get this, uh, Oak Tree Capital.

Um, you know, financing, uh, to help them continue operating because they have to make deliveries for anybody that’s got, uh, turbines that they wanna safe harbor before the IRS rules change again, presumably at the end of this calendar year, we’re about. You know, another what, 15 to 20, 20 days away from seeing the first draft of whatever these IRS rules are gonna [00:32:00] be.

I’ve already covered, you know, ad nauseum. I think it’s the 18th or 20th. It’s soon. That’s what I mean. It’s supposed to be, you know, in, within the next few days here, um, that we see a first draft. But just keep in mind that a first draft is not the adoption of the rules. So we’re. We’re expecting that the final rules will be fully adopted by the end of the year.

If you haven’t safe harbored under the current rules, you need to do it now. That’s by the way, why Vestas just announced a 950 megawatt project in the us. Uh, they didn’t say who. Although if you want the details, contact us, uh, Intel store. We know. Uh. So, you know, the, but the reality is anybody that needs to safe harbor turbines needs TPI, particularly ge or even Nordex if they’re, if they’re, you know, getting some of these blades from Mexico, uh, now that most of their, their quality issues I think have been worked out.

Allen Hall: That’s gonna do it for this week’s Uptime Wind Energy podcast. Thanks for joining us. Check out [00:33:00] our uptime tech news where we talk about these subjects and a whole bunch more every week. It’s free. Just Google uptime tech news and you’ll get there. So we will see you next week here on the Uptime Wind Energy Podcast.

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Court Saves Wind Safe Harbor, Norway Pauses Utsira Nord

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Court Saves Wind Safe Harbor, Norway Pauses Utsira Nord

A federal court restores the 5% safe harbor for wind tax credits, Norway’s parliament pauses the 35 billion krone Utsira Nord floating wind program, and the crew digs into Australia’s battery boom and the looming blade technician shortage.

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Matthew Stead: [00:00:00] The Uptime Wind Energy podcast, brought to you by StrikeTape. Protecting thousands of wind turbines from lightning damage worldwide. Visit StrikeTape.com. And now, your hosts

Allen Hall: Welcome to this edition of the Uptime Wind Energy podcast. I’m Allen Hall here with Matthew Stead, Rosemary Barnes, and Yolanda Padron. And our week starts off in the courtroom. And if you’ve been watching the news lately, there’s a pretty substantial IRS case involving large-scale wind and solar having to do with the, uh, production tax credit and, uh, investment tax credit at the same time on the safe harbor, 5% safe harbor rule.

Uh, a federal judge handed the wind industry and solar industry a pretty substantial legal win that could reshape how the [00:01:00] projects qualify for tax credits. So a judge up in, uh, the District of Columbia vacated IRS Notice 2025-42. So if you remember that, uh, from a- about a year or so ago, uh, f- it found that the, that notice was arbitrary and capricious under the Administrative Procedure Act.

The notice, which was issued following a July 2025 executive order, had eliminated the 5% safe harbor for wind projects, uh, a provision developers have relied on since about 2013 to establish construction start dates without breaking ground. The court found the IRS failed to justify removing it, ignored industry comments, which I had read, and I agree with that, and gave no reason for treating wind differently f- than other clean energy technologies.

So That his executive order came down and said, “Hey, we don’t like wind. [00:02:00] IRS, write a rule and make it hard for wind to get installed in the United States.” And so they dutifully did it, but a court is throwing it out. This has some pretty significant implications because if you hadn’t broken ground before this ruling, I think the– what was happening was be- if you hadn’t broken ground by July 4th, your project wouldn’t qualify for some tax credits.

But now, if you have 5% safe harbor, you still are in the game, at least for now. Now, Wanda, that’s gonna make a big difference to asset managers and developers, won’t it?

Yolanda Padron: Yeah, it’s really exciting. I think it opens up the, the playing field for, for some of these projects that might be a little bit behind schedule.

Um, of course, a lot of teams had to change their plans and their pipeline when, um, you know, the big, beautiful bill passed and, I mean, it’s– of course, it adds a little bit of additional volatility, right, to, to wind and, and solar in the US, but it’s exciting to see at least things for, [00:03:00] for those of us that are in the wind and solar side, the, it’s a little, little bit of, of hope there.

Allen Hall: And Matthew, uh, even in terms of opening up o-o-operations and, uh, getting contracts signed, this should make a big difference in sort of opening the floodgates a little bit. Although there is a short timeframe. We’re, we’re recording on, what, what is today? June 10th. So you have, in theory, less than 30 days before the July 4th deadline, but hopefully this stays.

You think there’s a chance this just gets completely, uh, wiped out, the executive order and the IRS notice and- It’s back to what we remember for the, for the last, ooh, 12, 13 years?

Matthew Stead: Uh, yeah. I’m, I’m, I’m hopeful, and I, I agree with Yolanda. I think you, you said it really well. Um, I think this is a, a glimmer of hope in, um, a sometimes gloomy, um, environment.

So I think that’s great. In terms of going back to where it was, um, I mean, I guess my observation has been that, [00:04:00] you know, things in the US were a bit, um, distorted. You know, distorted through the, the PTC, um, and the whole repowering thing after 10 years is quite a distortion. So I think, um, you’re not necessarily going back to the good old days, um, might be the way, what will happen.

Allen Hall: I think there is a lot of people actively trying to dig holes at the moment, and I, I’m sure they’re gonna continue to do that. Yolanda, do you th- you think anybody’s gonna stop and kinda say, “Oh, we have the 5% rule. We’re, we’re good”? Do you think, or you think they’re gonna still go ahead and really start construction and then just keep things continually moving on site?

Yolanda Padron: I don’t think they, they can really stop, right? Because you, you don’t know if, if anything strange happens. A lot of people didn’t think the, a lot of the provisions in the big beautiful bill were gonna, were gonna see the light of day, and they did. Um, but it does, I really hope it brings at least a little bit of breathing room for some people.

I know it’s, it must be… I mean, I have some friends in development, and they’re, they’re q- a little [00:05:00] bit stressed right now just with everything going on. Um, so, so I really hope for them at least they, you know, if, if they’re a little bit behind schedule, then it, it’ll be, it’ll still be fine.

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Norway’s Storting has voted to pause the 35 billion Norwegian krone support program for floating offshore wind at Utsira Nord. The Conservative Party secured a parliamentary majority for the external quality assurance review, a socioeconomic analysis, and a technology development assessment, all before the Storting will authorize any commitments.

Equinor and Vårgrønn, along with EDF and Deepwind Offshore, each hold allocated 500-megawatt areas and were preparing to compete for that subsidy. Equinor says the project will continue for now. I think everybody is saying that at the moment. But, uh, Equinor cannot rule out consequences as framework uncertainty compounds in the already challenging nature of floating offshore wind development.

So Utsira Nord is a massive project. So it’s, it’s about three and a half billion US dollars [00:07:00] to go do this. We had Mads Furuseth and Anders Naslund about a year or so ago, maybe a little bit longer, talking about the project and how big it was and how important it was that Norway did this for floating offshore wind.

But with this, uh, recent change in the parliament of Norway, it does seem like they’re slowly going to try to kill it by putting in a number of, uh, reviews, which is how bureaucracies tend to kill things. Is put it under six, seven, eight reviews, different committees. They all take time to get together.

They have to put out a report. It could be two, three years from now. At that point, the world has completely changed, and everybody’s moved on. Does that seem like the outcome here at the moment?

Matthew Stead: Yes.

Allen Hall: In my mind, there’s really two big areas for floating offshore, which UK, right? That there, there’s some massive projects there, Green Volt being one of them, and then there was Sue & Nord.

So between the two, I feel like the, the UK one was going to [00:08:00] happen. The question whether the world was gonna move towards floating offshore wind was gonna happen up in Norway. If Norway decided to do it and could get it developed, and it has the capability to do it because, because they have that skill set, uh, right there in Norway.

If they could do it in Norway, everybody in the world would learn from it and figure out how to do it. Does this really set back floating offshore wind globally?

Matthew Stead: Yeah. I mean, going back to what I said before, and I, I’ll defer to Rosie on this as well, but, um, when I was at, at Blades Europe, um, one of the, one of my long-term contacts, um, y- was in floating wind, um, and had, um, left the industry.

He basically said i- in his view that the offshore wind industry was slowly, um, in decline or slowly dying. Um, so I’m just wondering if this is just evolution of viability of offshore wind.

Rosemary Barnes: Is offshore wind in decline? I think if you look globally, it’s, it’s not in decline. I, I haven’t looked in, in depth at the figures just based on what, you know, [00:09:00] headlines I’ve seen and podcasts I’ve heard, but I think that globally it’s still on the rise.

It’s just that- It’s only in Europe that things are really moving with speed, right? Like, people were expecting heaps of growth in the US and now no- nobody expects that. Floating offshore wind, it’s… I th- I still think it’s too early to say. There are plenty of countries that don’t have any good energy options besides, um, floating offshore wind, like Japan.

What their energy transition looks like is gonna depend a lot on their culture and what people think, ’cause, like, if you go through, like, the engineering solutions that Japan could have, the ones that make the most sense from an engineering point of view are not popular at all, are not politically viable.

Like, Japan could easily have a subsea cable connecting it with, um, with China, for example, or Korea, but I don’t think anybody, anybody thinks that that will ever happen because, you know, politically it’s, it’s very far from being possible. What else could they have? Geothermal. They’ve got heaps of [00:10:00]geothermal resources, like really good traditional geothermal resources, but my understanding is that it’s super unpopular because their onsen, um, community doesn’t want it.

Uh, my understanding is that they’re worried that if you put geothermal, um, if you exploit geothermal resources, then the onsens will not be hot anymore, and again, my limited research understanding is that it’s not true. It’s different resources. The two aren’t connected in any way. Um, and yeah, there’s actually a community geothermal, um, facility near Fukushima.

I’m trying really hard to get over there, but I’m, I’ve got a roadblock at the moment because, uh, n- no one there speaks English, so I need to find somebody to, to come with me and, you know, I’ll have one, one day to try and get there on the fast train and back to Tokyo in, in a single day. So it’s, it’s a bit of a stretch, but I’m gonna try.

But anyway, so yeah, what have we… We’ve ruled out, like, subsea cables, ruled out geothermal. Floating wind is good.

Allen Hall: Well, speaking of Fukushima, [00:11:00] there’s been a more recent push in Japan to start up some of the nuclear facilities. So after the tsunami, was that 2012, 2014 when that happened? It was a while ago.

Uh, when the tsunami happened and h- had that, uh, nuclear accident, they, they s- shut down all the nuclear facilities in Japan, but it does seem like they’re trying to restart some of them And, and maybe it’s just the demand for energy and, and they’re trying to weigh that off with offshore wind or floating offshore wind.

At what point, you know, which one do you choose? It has to be driven by cost and availability.

Rosemary Barnes: Yeah. And so Fukushima, I just looked it up, it was 2011. Um, and yeah, so I mean, I think it is very fair that they had a reaction to that and they wanted to put the handbrake on nuclear at that time, or they did more than put the handbrake on, they did like a handbrake turn.

Allen Hall: They shut it down.

Rosemary Barnes: So, and it, you know, it’s gradually ramping up. I think that their target for nuclear now is to, to regain, um, 20% of their electricity from [00:12:00] nuclear by 2040, something like that. It was 30% prior to that incident. Um, so that will be part of it, but it’s not, um, it’s not all of it. And then even if you think of, uh, okay, so forget climate change, just, you know, we want, Japan just wants energy and they don’t care about climate change, you know, ’cause that, that, that could be true.

What are their ch- choices for that? They import a whole bunch of… They, they import nearly all their energy. Everything that’s not nuclear basically is, is imported. Um, coal, but a lot of LNG, and, you know, that is not exactly an appealing prospect at the moment either. It’s not secure. Prices are very volatile.

We’ve had, like, two fossil fuel shocks in the last, what, like four years or something like that, and how many more, how many more are we g- are we going to have? You know, like energy security is important, totally separate from climate change issues. So I don’t think we need to rely on Japan, like, you know, [00:13:00] steadfastly staying the course because their, their existing o- opportunities are not, are not great for fossil fuels either.

Allen Hall: I don’t know what country’s gonna stay the course right now, really. Maybe the UK?

Rosemary Barnes: Oh, I think it’s- Countries that have other reasons for going to renewables are the ones that are gonna stay the, stay the course. Um, and there are plenty of examples of countries where it just, it is by far the easiest, cheapest, fastest option to get more electricity.

Um, you know, like all of Africa, for example, is, is facing that as a, uh, a better development path than trying to build big, um, fossil fuel power plants. But even that, you know, like in India, they’re making a huge transition, Pakistan, not to mention Australia, where now batteries are having more of an impact on electricity prices than gas is.

So our electricity prices now finally are dropping, um, this year for the first time because of how many batteries have come on and are now, you [00:14:00]know… Like they’ve just flattened. The evening price peak used to be on average about, like, I think $400 or something dollars a megawatt hour, and now it’s like 100.

In one year we had that, we had that change, yeah, just from the amount of batteries that have come on in the last year or two.

Allen Hall: Why does that make such a big difference in the price of electricity, the battery aspect?

Rosemary Barnes: Because, so the way that Australia… Australia’s electricity market is pretty similar to Texas, so if you understand that, then you can probably understand Australia’s.

But, you know, at any five-minute interval, people, like, they know how much demand there’s going to be, and then people are bidding in how much they would supply electricity for in that five minutes, in real time as well. It’s not like day ahead or anything like that in Australia. The, like, last one they need is what everybody gets paid.

So, like, solar power is gonna bid in at, like, you know, practically zero, um, or maybe negative prices actually if they’ve got power purchase agreements in place. And then, you know, wind a little bit more, and then coal, uh, you know, a, a bit [00:15:00] more than that, and then gas, the open cycle gas turbines, the peakers, they’re very expensive.

They’re bidding in at 400, $400 a megawatt hour. If there’s enough batteries that that gas doesn’t need to bid in, then all of a sudden we don’t have the gas price that everybody has to pay. We have the battery price that everyone has to pay, and that is very, very cheap and will become cheaper as there’s more of them in the, in the system.

So it’s like a threshold event. You, you know, um, even if you’re using only a tiny bit of gas, if you need any gas at all, even like, you know, one megawatt of gas, everybody gets paid the gas price. If you just get a little bit more battery in and you don’t need it anymore, bam, the price just falls. So that’s what we…

We’ve passed that threshold now.

Allen Hall: Isn’t that where the UK is trying to get, is to get past that threshold where renewables are that last addition to the grid and kick off peaker plants and some expensive other- fuel sources. That’s I, I [00:16:00] think where everybody’s gone because they have the same system where the, the last one in is what sets the price for everybody.

Rosemary Barnes: Yeah. The UK’s a little bit different because one, they’re connected to Europe, and two, they’ve got nuclear, so they do have that kind of base load.

Allen Hall: Let’s go down the rabbit hole just for a second. So if the peaker plants don’t come on, that means that the battery electricity supplying the grid is pretty low in price.

It seems like they are losing money on their investment in the battery That they were hoping the price would be higher. Because if the peaker plants are still going on, that would be a $400 price and they’re gonna come in at, like, 350, so that would make sense. It, it helps pay off the battery investment.

But if they’re dropping the price down from 400 to 100, it would seem like the battery investment may not be a, a wise decision.

Rosemary Barnes: For sure they’re making less money, but it was– they were making crazy profits for the first little, the first few, few years of, you know, grid-scale batteries. And even [00:17:00] home batteries, people were making a l- a lot of money off that, and it was crazy.

Like, I’m on some, um, some Reddit subreddits about, uh, you know, people with home batteries and-

Allen Hall: Slash battery?

Rosemary Barnes: Matt probably is too. Matt’s a Beta G enthusiast, so I’m sure that he is just as excited as me. But anyway, so on one of these subreddits, you know, people used to talk about, “Oh, I made 100 bucks last night,” um, or, or whatever, you know, just a household.

And now all the posts are complaining about there’s been no price spikes all year. You know, I thought that I was gonna make heaps of money off my battery, but people are really change- changing how they think of it. And now it’s like… And l- like I want– used to want to do this. I don’t have solar panels yet ’cause we need a new roof, and I’ve been waiting a few years to, one, live in a house that I own, and then two, get a freaking new roof.

Um, and I thought I’m gonna just, like, cover it in solar panels, get a huge battery, and I’m gonna be an energy trader in my free time and make heaps of money, and now that is [00:18:00] not the strategy anymore. The strategy is to just reduce your bills to the m- the minimum that you can. Um, that’s basically, that’s basically it.

So you are right that some of this arbitrage is, um, the opportunity’s over, and that it will be less, um, exciting for, uh, opportunity for people to put more, more batteries in.

Matthew Stead: Just to add to that, through the middle of the day quite often there’s, uh, negative pricing. So if you’ve got a battery, you’re being paid to charge through the middle of the day.

So that actually takes away some of the pain from having a lower, a lower price, um, during the peak.

Rosemary Barnes: But the thing about negative prices is that you need coal power plants for them to be… Like, the only reason we have such pervasive negative prices is not because solar plants have PPAs that are, you know, make it worthwhile for them to generate even when the price is slightly negative.

The real thing is that coal power plants don’t want to turn down below, I don’t know, yeah, like 20, 30% during the middle of the day. They have to be on if they want to make money in the evening, and that means that they bid in at, like, [00:19:00] negative 50, um, so that people– so that they can stay running. And that’s where the bulk of our negative prices come from.

So

As coal power plants close, those negative prices will go away. Um, and when they close, we should get some better evening price spikes again. So, you know, like nothing ever stays the same for long, which is why it is such a fascinating hobby to have, being interested in the electricity market, because it’s never the same from one year to another.

You’ll never understand it, ’cause it’s never, it never stays the same long enough to really get your head around it.

Allen Hall: You need other hobbies. You really do.

Matthew Stead: A friend of mine works in trading, and, uh, he said, “As long as there’s volatility, there will be progress.” So much like what Rosie was saying is the more volatile it is, the more opportunity there is for people to come in, um, and change it.

Allen Hall: I just don’t know how the battery thing plays out once that threshold is reached. When you have more batteries on the system and you knock down the price that [00:20:00] much, I think battery sales, industrial batteries really slow down because they’re all looking for that quick ROI And they’re not gonna get it.

Rosemary Barnes: You have to wait for all of the coal to close before you would find out what’s the right amount of batteries to have in the, in the grid.

Allen Hall: Yeah, yeah, yeah. That, I totally agree there, yeah.

Yolanda Padron: You’d still get, like in extreme weather events and stuff, you’d still get a big price spike, right, for all these batteries.

Allen Hall: Back to Matt’s point, more volatility.

Rosemary Barnes: If you want the market to respond, you need to give enough incentive to invest in assets so you’ll have enough when it’s needed. And because it’s really infrequent, then it has to be a super high price to, um, bring on enough investment. And will this system… The system has worked absolutely, you know, pretty well in Aus- Australia at least.

Will it continue into the future with more variable prices and renewables? I, I don’t know, and the government is starting to do some things like, uh, you know, like a lot of [00:21:00] electricity markets have, um, not just energy markets but also capacity markets where you will pay a battery or a gas plant something to be on standby basically, um, so that if there is, um, if there’s a shortfall then they, then they have to respond.

So in Western Australia they have that, but across the east of Australia th- they currently do not, do not have that. It’s energy only.

Allen Hall: Really? How do you not have capacity payments?

Rosemary Barnes: The majority of their profits are made in just a few hours a year when there are those price spikes, so that’s, that’s h- part of their business case.

Allen Hall: I mean, there, there is arbitrage happening on the electricity grid. That’s not the best place to be arbitraging things because you will have players that won’t provide electricity just to drive up the price.

Rosemary Barnes: Uh, and it happens in Australia too, but, um, you know, because batteries are such a distributed resource, it, it will become harder and harder to do that when, you know, the, um, the ownership of these batteries is, you know, households as well as, um, yeah, as well as [00:22:00] big companies.

Matthew Stead: So offshore wind, I was talking to an OEM a, a little while ago and, uh, talking about blade repairs for offshore wind, you know, floating, floating wind. Um, so specifically floating wind. The OEM was extremely concerned about floating wind, um, because it makes it very, very, very hard to change blades. So the story was that if you’ve got an offshore floating platform, you’re basically gonna have to tow the wind turbine back to port to change a, a blade.

Rosemary Barnes: They see that as a, as a pro, not a con though. Yeah. That, that’s because it’s very hard to… Like, it’s not only floating offshore wind where it’s very hard to remove a, a blade out at sea, like fixed bottom offshore wind, that’s incredibly expensive to remove a blade. So floating is like, well, you can just tow it back to shore and then you can do it all in the port.

I, I, you’re looking skeptical, Matt, and I’m also skeptical about how it actually plays out. I know that, um, what was it? The, [00:23:00] the one- An EOL project off the coast of Scotland. I can’t remember what it’s called now. Like what, the first big one, the big wind farm, a floating offshore wind farm

Allen Hall: HiWind Scotland

Rosemary Barnes: They had a, a problem.

I don’t know if it was a serial issue or also, like it’s the first big wind farm, and there might have been like some operating condition they weren’t aware of that caused some problems. They had to tow back everything to port, and they stayed there for months and months. So like maybe, maybe close to a year or over a year, I’m not sure.

It was a really long time. And so, um, yeah. But then, you know, like what’s the alternative? If that had happened out at sea, it would’ve been more expensive. If, it still would’ve been shut down, not doing anything, and you would’ve had like helicopters out there every single day bringing teams and, um, you know, huge vessels with cranes and yeah.

So like it’s, maintenance at sea is never good.

Allen Hall: But the whole point of the HiWind project was to get some of these problems figured out, and one of them was just towing it back to port and [00:24:00] doing major repairs or component exchanges make sense. I think it’s a, it’s a lesson well learned, and we’ve moved on.

I guess the question is, does offshore, floating offshore in particular, have much of a future if Norway’s not willing to do it?

Matthew Stead: I think it’s a good comparison with, um, data centers in space.

Rosemary Barnes: You know where else they’re planning to put data centers? Not just space and offshore, also like, um, underwater ones, like on the deep ocean floor, um, on the moon somewhat.

Like there’s an actual company that is apparently developing a, a data center on the moon

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Whether you’re an industry veteran or new to wind, PES Wind has the high-quality content you need. Don’t [00:25:00] miss out. Visit peswind.com today. Well, in this quarter’s PES Wind magazine, there are a number of great articles, and if you haven’t downloaded your copy, you should do that at peswind.com. There’s a good article from Global Blade Services USA, and it’s talking about the technician problem and how it’s not gonna, it solve itself, obviously.

But Global Blade Service is putting some numbers to it. And Rosemary, this is really directed at you. Blades represent roughly 20% of the total, total turbine capital cost and are the leading driver of unplanned downtime.

Rosemary Barnes: Yeah, 40% of O&M.

Allen Hall: Right, and 75% of all blade repairs are already handled outside OEM warranty.

That number seems really high, but maybe after the warranty expires?

Rosemary Barnes: Do you say 30% of, of repairs are repaired under warranty? That’s, uh, unexpectedly high from my point of view. [00:26:00] But, you know, how would I know? No one’s getting in touch with me if, you know, they’ve got a problem with their blades and it just got fixed under warranty.

Then they’re not paying a consultant to come sort it out. I only, I’m, I’m only there when the warranty is nearly up or it’s already over.

Allen Hall: So they, they’re saying that the, the ratio’s even gonna grow more towards out of warranty repairs. But the problem is having technicians. And the deeper problem is developing all those technicians in time as that need grows.

Uh, reaching full structural repair competency takes a rope access technician eight to 10 years. A basket technician is five to seven, and a factory technician is four to five years, meaning the workforce, uh, the industry needs for the next decade has to start training now. I, I think we’re seeing this in full force.

I- the issue is keeping good people in the industry as it fluctuates up and [00:27:00] down all the time and is very seasonal. Because there are really good rope technicians out there who know what they are doing, and it does take a, a minimum of three years to be competent. And then to be that lead person, it takes four or five solid.

And to be, uh, the, the relied-upon person, especially for some of the more complicated repairs, it’s gonna be six, seven, eight years before you’re there. It’s just an exposure thing. Are we in a technician crisis?

Rosemary Barnes: Crisis is maybe a little bit inflammatory, but, uh, we’re in a technician challenge

Matthew Stead: But it’s a pretty, it’s a pretty basic topic, Allen, isn’t it?

Like, um, you know, there’s more and more wind turbines, there have to be more and more technicians. It takes time to train. So, you know, it’s, it’s just, it’s pretty much basic maths and, um, you know, it’s like te- you know, tradies to build houses. Um, you know, unless you’ve got the tradies, you can’t build houses in a cheap way.

Yolanda Padron: Part of the issue is that, you know, say there’s [00:28:00] 10 technicians that are available in the area, right? Then you … maybe they work under two different companies, and then one company goes bankrupt, so then they all work with the same company. Another company pops up, or someone gets kicked off site from the OEM side, and then a month later they’re back with the third party.

And then it’s just really difficult to keep track of kind of who’s still there and who’s not, because some people have the certifications and maybe they’re not really, really great at what they do, or other people have a lot of training and a lot of experience, and it’s just difficult to track exactly, you know, where they are now.

I know that the, the strategy here oftentimes is you’ll find one person that you like and you kind of follow him around, or follow them around whatever company they’re, they’re with at the moment, and then just use that company.

Matthew Stead: The other point I was going to make is that there’s also the seasonality, isn’t there?

So you know, if you’ve got a great, a great technician, when it’s cold, they can’t earn cash from [00:29:00] repairing blades.

Rosemary Barnes: Aren’t they hired as, like, seasonal workers in America and they just don’t get paid for part of the year? That’s not how it’s done here. I mean, I guess we don’t have the climate where you have to, like, totally shut down, so they’re not, like, sitting around getting paid for nothing.

But, like, that’s a really unim- unappealing feature of the of the, um, field, isn’t it? If you’re deciding what you wanna, what kinda job you wanna do, you want one where you can get paid for 12 months out of the year, not just, I don’t know, like eight or whatever it is.

Matthew Stead: I know there’s been a lot of discussion between, like, Australian US repair companies of, like, shipping technicians down here during the Northern Hemisphere winter and vice versa, and it gives, you know, chance of exploring the world.

But, you know, if you’ve got kids and family, you’re not gonna necessarily wanna do that either.

Rosemary Barnes: It’s such a tiring job, though. I don’t… Like, there’s, um, I think it’s fine if people do it for, like, a hard 10 years and then, um, yeah, move on to… Because you obviously learn a lot as a technician, so y- you know, like, there’s a lot of office jobs that you would be really good at [00:30:00] because you had that physical experience.

But yeah, like, I, I do think that there’s heaps of young people that are traveling the world being wind turbine technicians.

Yolanda Padron: At least in Texas, I know a lot of rural areas where they don’t necessarily have a lot of opportunities to get higher education, and so going to be a technician is a good route for them to then go into a larger part of the industry, um, to, to kinda get a head start there.

Um, and they get a lot of really valuable skills, and oftentimes, like you said, Rosie, they’ll, they’ll get picked up by, um, by the owners or the OEMs or someone, um, because of their experience there. But it, but it is quite a bit of, of hard work and, and physical, physical labor. I climbed one tower and I was sore for two weeks, so really, really not my cup of tea.

Rosemary Barnes: I’m always, like, so excited to, to be climbing towers ’cause I only do it, like, you know, sometimes no times in a year, sometimes twice a year. Um, yeah, so, like, I’m really excited to go climb, and it’s really cool the first day, and then the second day it’s like, “Oh, this harness is [00:31:00] so heavy. Am I really putting this on again?

Oh my God.” Yeah, so it’s, uh, it’s ob- obviously you get used to it if you, um, if you do climb a lot. The last, uh, last site that I was at, a lot of the technicians were just climbing the ladders so that they wouldn’t have to, you know, go to the gym afterwards. So there’s a lift there, but they use the ladder because then they get their cardio for the day.

So, you know, they’ve obviously got some surplus energy.

Allen Hall: I think it is kind of a myth outside the US, uh, uh, seasonal workers, uh, at least in Europe, I haven’t seen a lot of seasonal workers. It doesn’t mean they don’t exist, of course. But in the United States, there’s a lot of seasonal workers from construction and all kinds of other industries.

People figure it out And it, it’s a lot more common than I think y- being an engineer you think it is, but there are a lot of seasonal workers. So being a, a wind technician is not a bad job.

Rosemary Barnes: I guess they’re just getting [00:32:00] paid extra for the time that they’re working and they just know they’re used to budgeting to cover the few months off.

Allen Hall: They have a winter job. They’ll, they have employment. They already have it lined up where when it gets cold outside, they have someplace else to go. Back into construction for a few months. They’re maybe driving a truck or doing other things that, that bring in income. They have it pretty well figured out.

When– At least the technicians I’ve talked to seem to have a, a plan about it, and they’re not sitting by the television for six months. That’s not what’s happening. It, that there’s a lot of employment opportunities here in the States, and so they, they’re pretty nimble. So if you haven’t read this article or a number of our other great articles in PES Wind, you should go to peswind.com right now and download a copy today.

That wraps up another episode of the Uptime Wind Energy podcast. If today’s discussion sparked any questions or ideas, we’d love to hear from you. Reach out to us on LinkedIn, and don’t forget to subscribe so you never miss an episode. [00:33:00] For Yolanda, Rosemary, and Matthew, I’m Allen Hall, and we’ll see you here next week on the Uptime Wind Energy podcast.

Court Saves Wind Safe Harbor, Norway Pauses Utsira Nord

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Why Is Trump Still Here?

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I challenge anyone to watch this short video and explain how Trump still has enough standing with the American people to remain president.

This is just so embarrassing.

Rich Americans aren’t happy that their country is a laughingstock around the world, but their fortunes are multiplying, so what’s the big deal?  How does personal integrity come into play when there is so much money at stake?

The MAGA crowd, i.e., uneducated white people, believe Trump when he says that he has brought back respect for the United States.

Why Is Trump Still Here?

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Celebrating America

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At left is the ultraconservative crap that Fox News feeds its viewers.

In fact, the theme of U.S. 250th birthday party would be liberty and justice for all Americans, not just rich white people.

Celebrating America

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