National Grid Sells US Renewables, Invenergy Enters Spanish Offshore

Invenergy enters the Spanish offshore wind market with a planned 552 MW floating wind farm. Iberdrola considers selling US renewable assets to fund its Avangrid acquisition. Tata Power secures a major loan to finance clean energy projects in India, while National Grid divests US assets to focus on UK decarbonization. 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! Pardalote Consulting - https://www.pardaloteconsulting.comWeather Guard Lightning Tech - www.weatherguardwind.comIntelstor - https://www.intelstor.com 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 NewsFlash. NewsFlash is brought to you by our friends at IntelStor. If you want market intelligence that generates revenue, then book a demonstration of IntelStor at intelstor.com. Invenergy has announced its entry into the spanish offshore wind market with the proposed oh boy floating wind farm the planned capacity 552 megawatt site Is will be the furthest site away from the shoreline of spain if approved it will power over 600 thousand Spanish households. Wow, Phil the construction of the offshore floating wind farm is estimated to take between eight and ten years with Invenergy prioritizing local hiring and procurement through the project's development. So this is a really neat project by Invenergy, Phil. Philip Totaro: Yeah, it's interesting too, because the Spanish are trying to get an offshore market going. There's, something like 40 plus gigawatts of projects that have been kind of tentatively proposed for different tenders that they're supposed to have in Spain, but they haven't actually gotten a framework in place for how any kind of You know, subsidies are going to work. And I think power offtake may also still be a bit of a challenge there as far as the infrastructure needed to be able to support this much capacity. But the fact that, I mean, this is, and we've talked before about the fact that Invenergy is not exactly a U. S. company. They're, it's Canadian majority owned company as far as their, their parent investor, but let's say they're, the first occasion where I can recall a North American based company anyway, is venturing off into the European offshore wind market. So this is pretty interesting and, and an exciting play for them. Joel Saxum: One of the nice things here is that, that northwest corner of Spain. Good deep water port as well. So, the area's gonna be primed and ready for it. There's some demand locally there.