CIP Offshore in Taiwan, RWE Buys GE Vernova for Texas

CIP achieves financial closure for an offshore wind project in
Taiwan and the UK may shift towards a domestic offshore wind supply
chain. GE Vernova plans to equip two RWE farms in Texas, and Masdar
will potentially acquire TotalEnergies' renewable assets in
Portugal. Register for the start of our webinar series with
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YouTube channel here. Have a question we can answer on the
show? Email us! Welcome to Uptime Newsflash, industry News
Lightning fast. For market intelligence that generates revenue,
visit www.intelstor.com. Allen Hall: Starting off the week,
Copenhagen Infrastructure Partners has secured financial close on
the 495 megawatt Fengmiao offshore wind project off Taiwan's Coast.
This Marks CIP's third offshore wind project in Taiwan and is the
first of Taiwan's round three projects to start construction. The
project secured approximately $3.1 billion in financing from 27
banks with debt partially guaranteed by export credit agencies. Now
Vestas will supply 33 of its latest 15 megawatt turbines for the
projects and construction will finish by late 2027 with six
corporate customers already signed for long-term power purchase
agreements covering its entire capacity. Dan McGrail Interim, CEO
of Britain's new state owned GB Energy believes the UK should
challenge oversee renewable energy companies by exporting its
expertise globally. McGrail sees floating offshore wind as a huge
opportunity for British technology leveraging existing supply
chains from the oil and gas industry. He aims to shift focus from
importing parts to building them domestically, which could create
an export industry over time. GE Vernova will equip two RWE farms
in Texas with over 100 turbines with deliveries beginning later
this year. The projects will help RWE surpass one gigawatt of
rebuilt and repowered wind capacity across the US and generate
enough electricity to power approximately 85,000 Texas homes and
businesses annually. Boosting US content. Then the sales for the
project will be manufactured at GE Vernova's Florida facility,
which employs about 20% Veterans. RWE's Chief Operating Officer
emphasized their commitment to American energy production and
strengthening domestic manufacturing and supply chains. GE
Vernova's Entre Wind Division currently has a total installed base
of 56,000 turbines worldwide with nearly 120 gigawatts of installed
capacity. Abu Dhabi's Masdar is considering acquiring a stake and
total energy's Portuguese renewable energy assets. The deal will
likely be through SATA yield. The Green Energy Company masar
purchased from Brookfield last year. This would add to MAs dollar's
growing European portfolio, which includes recent acquisitions in
Spain and Greece as the company works towards its global target of
100 gigawatts by 2030. Total Energy is currently has about 600
megawatts of installed renewable capacity in Portugal, mostly
higher valued wind power assets. Total energy. CEO previously
mentioned plans to divest around two gigawatts annually as part of
portfolio consolidation. And that wraps up our wind industry
headlines from Monday, March 24th. The conversation continues
tomorrow on the Uptime Wind Energy Podcast, where we'll explore
even more insights shaping the future of renewable energy. And
don't forget to join our exclusive live webinar this Wednesday
featuring Sky Specs New CEO Dave Roberts. He'll be sharing his
roadmap for the company's exciting future. All access details are
awaiting for you in the show notes.