Wednesday 12th August 2015

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Richard Heap
August 12, 2015
This content is from our archive. Some formatting or links may be broken.
This content is from our archive. Some formatting or links may be broken.
Wednesday 12th August 2015

UK portfolio sale boosts PNE profits

German developer PNE Wind has reported second quarter profits of €30m, following the sale of its UK project pipeline.

In June, PNE Wind sold all shares in its UK subsidiary for £103m. Of this figure, PNE has already received £38.3m. The remaining amount is due in 2020 when the company anticipates that project development milestones would be met.

The sale has bolstered the company’s operating profit for the three months to June 2015, which amounts to €30m before interest and taxes. This is up from €3.6m in the corresponding quarter last year. The announcement comes amid a dispute over control of the firm.

GE agrees $427m Brazil deal

General Electric is set to supply 156 turbines to a Brazilian firm in a deal worth $427m, which is GE's largest contract in Latin America.

Developer Casa dos Ventos Energias Renovaveis SA plans to use the turbines from the US giant to build a 360MW farm in Brazil’s northeastern states of Piaui and Pemambuco.

The Brazilian company was granted planning permission for the project in three separate auctions between 2013 and 2014. The wind farm is scheduled to begin commercial operation in April 2017.

Partnership to invest $2.5bn in Mexico

US energy company AES and Mexico’s Grupo Bal have agreed a five-year joint venture worth up to $2.5bn.

The partnership plans to invest $2bn-$2.5bn to build projects of at least 2GW, including wind farms, over the next five years. Three-quarters of the investment is set to be focused on electricity generation from conventional and renewable sources.

AES, which already operates three existing power plants in Mexico, is set to manage the new power plants built by the joint venture.

Report: US wind prices at 'all-time low'

The cost of energy from US wind farms has fallen by 66% since 2009, to an average of 2.5¢/kWh, according to a new study.

The US Department of Energy's '2014 Wind Technologies Market' report claimed that the drop in wind turbine prices and installed project costs have enabled this aggressive wind power pricing.

Lawrence Berkeley National Laboratory authored the research.

Turkey auctions 2GW ahead of 2020 plan

Turkey’s energy regulator, EPDK, plans to auction 2GW of wind capacity next year, which is four years ahead of schedule.

This Turkish government had been looking to auction this capacity by 2020, but it is now seeking to meet this goal earlier.

Turkey has 4,032MW of installed wind power from 101 sites as of July this year. However, the country wants to increase its capacity to at least 20GW by 2023.

Wind Watch

Wind Watch is published every Monday and Friday.

In the meantime, here is the first in a regular series of Q&As profiling our members. Interested in being profiled in future? Please contact Richard Heap, editor or Joe Gulliver, membership manager.

Name: Kimberly E. Diamond
Job: Senior Attorney
Company: Drinker Biddle & Reath LLP

How long have you worked in renewables?
I’ve been active in renewables for seven years. Since 2012, I have co-chaired the American Bar Association’s (ABA’s) Renewable, Alternative & Distributed Energy Resources Committee in the Section of Environment, Energy & Resources (SEER); and I currently co-chair ABA SEER’s Special Committee on Congressional Relations. Additionally, I am chair of the New York/New Jersey chapter of Women of Wind Energy.

I regularly speak and publish articles on onshore wind, offshore wind, and other renewable energy topics. In addition to my energy and finance law practice, I am an adjunct energy law professor at Fordham Law School.

In ten words or fewer, what does your firm do?
Global law firm providing solutions for legal and business issues.

In which markets do you see the biggest opportunities at present?
First, the developing US offshore wind market, given the constraints of the US’s existing energy grid, particularly on the East Coast.

Second, the distributed wind market, particularly with respect to energy generated at remote locations, colleges/universities, and office parks that can be integrated into microgrids.

What is the biggest challenge facing wind, and how would you solve it?
Gaining wide-scale public buy-in from the American public for implementation of utility-scale offshore and onshore wind. To solve this issue, greater strides must be taken to showcase the benefits of onshore and offshore wind so that positive feelings toward wind energy development is at the forefront of public consciousness.

What do you enjoy most about working in wind?
How science, technology, and law all combine together to benefit the world.

Why did you join A Word About Wind?
To learn about the latest industry developments in the wind market, both domestically and abroad.

UK portfolio sale boosts PNE profits

German developer PNE Wind has reported second quarter profits of €30m, following the sale of its UK project pipeline.

In June, PNE Wind sold all shares in its UK subsidiary for £103m. Of this figure, PNE has already received £38.3m. The remaining amount is due in 2020 when the company anticipates that project development milestones would be met.

The sale has bolstered the company’s operating profit for the three months to June 2015, which amounts to €30m before interest and taxes. This is up from €3.6m in the corresponding quarter last year. The announcement comes amid a dispute over control of the firm.

GE agrees $427m Brazil deal

General Electric is set to supply 156 turbines to a Brazilian firm in a deal worth $427m, which is GE's largest contract in Latin America.

Developer Casa dos Ventos Energias Renovaveis SA plans to use the turbines from the US giant to build a 360MW farm in Brazil’s northeastern states of Piaui and Pemambuco.

The Brazilian company was granted planning permission for the project in three separate auctions between 2013 and 2014. The wind farm is scheduled to begin commercial operation in April 2017.

Partnership to invest $2.5bn in Mexico

US energy company AES and Mexico’s Grupo Bal have agreed a five-year joint venture worth up to $2.5bn.

The partnership plans to invest $2bn-$2.5bn to build projects of at least 2GW, including wind farms, over the next five years. Three-quarters of the investment is set to be focused on electricity generation from conventional and renewable sources.

AES, which already operates three existing power plants in Mexico, is set to manage the new power plants built by the joint venture.

Report: US wind prices at 'all-time low'

The cost of energy from US wind farms has fallen by 66% since 2009, to an average of 2.5¢/kWh, according to a new study.

The US Department of Energy's '2014 Wind Technologies Market' report claimed that the drop in wind turbine prices and installed project costs have enabled this aggressive wind power pricing.

Lawrence Berkeley National Laboratory authored the research.

Turkey auctions 2GW ahead of 2020 plan

Turkey’s energy regulator, EPDK, plans to auction 2GW of wind capacity next year, which is four years ahead of schedule.

This Turkish government had been looking to auction this capacity by 2020, but it is now seeking to meet this goal earlier.

Turkey has 4,032MW of installed wind power from 101 sites as of July this year. However, the country wants to increase its capacity to at least 20GW by 2023.

Wind Watch

Wind Watch is published every Monday and Friday.

In the meantime, here is the first in a regular series of Q&As profiling our members. Interested in being profiled in future? Please contact Richard Heap, editor or Joe Gulliver, membership manager.

Name: Kimberly E. Diamond
Job: Senior Attorney
Company: Drinker Biddle & Reath LLP

How long have you worked in renewables?
I’ve been active in renewables for seven years. Since 2012, I have co-chaired the American Bar Association’s (ABA’s) Renewable, Alternative & Distributed Energy Resources Committee in the Section of Environment, Energy & Resources (SEER); and I currently co-chair ABA SEER’s Special Committee on Congressional Relations. Additionally, I am chair of the New York/New Jersey chapter of Women of Wind Energy.

I regularly speak and publish articles on onshore wind, offshore wind, and other renewable energy topics. In addition to my energy and finance law practice, I am an adjunct energy law professor at Fordham Law School.

In ten words or fewer, what does your firm do?
Global law firm providing solutions for legal and business issues.

In which markets do you see the biggest opportunities at present?
First, the developing US offshore wind market, given the constraints of the US’s existing energy grid, particularly on the East Coast.

Second, the distributed wind market, particularly with respect to energy generated at remote locations, colleges/universities, and office parks that can be integrated into microgrids.

What is the biggest challenge facing wind, and how would you solve it?
Gaining wide-scale public buy-in from the American public for implementation of utility-scale offshore and onshore wind. To solve this issue, greater strides must be taken to showcase the benefits of onshore and offshore wind so that positive feelings toward wind energy development is at the forefront of public consciousness.

What do you enjoy most about working in wind?
How science, technology, and law all combine together to benefit the world.

Why did you join A Word About Wind?
To learn about the latest industry developments in the wind market, both domestically and abroad.

UK portfolio sale boosts PNE profits

German developer PNE Wind has reported second quarter profits of €30m, following the sale of its UK project pipeline.

In June, PNE Wind sold all shares in its UK subsidiary for £103m. Of this figure, PNE has already received £38.3m. The remaining amount is due in 2020 when the company anticipates that project development milestones would be met.

The sale has bolstered the company’s operating profit for the three months to June 2015, which amounts to €30m before interest and taxes. This is up from €3.6m in the corresponding quarter last year. The announcement comes amid a dispute over control of the firm.

GE agrees $427m Brazil deal

General Electric is set to supply 156 turbines to a Brazilian firm in a deal worth $427m, which is GE's largest contract in Latin America.

Developer Casa dos Ventos Energias Renovaveis SA plans to use the turbines from the US giant to build a 360MW farm in Brazil’s northeastern states of Piaui and Pemambuco.

The Brazilian company was granted planning permission for the project in three separate auctions between 2013 and 2014. The wind farm is scheduled to begin commercial operation in April 2017.

Partnership to invest $2.5bn in Mexico

US energy company AES and Mexico’s Grupo Bal have agreed a five-year joint venture worth up to $2.5bn.

The partnership plans to invest $2bn-$2.5bn to build projects of at least 2GW, including wind farms, over the next five years. Three-quarters of the investment is set to be focused on electricity generation from conventional and renewable sources.

AES, which already operates three existing power plants in Mexico, is set to manage the new power plants built by the joint venture.

Report: US wind prices at 'all-time low'

The cost of energy from US wind farms has fallen by 66% since 2009, to an average of 2.5¢/kWh, according to a new study.

The US Department of Energy's '2014 Wind Technologies Market' report claimed that the drop in wind turbine prices and installed project costs have enabled this aggressive wind power pricing.

Lawrence Berkeley National Laboratory authored the research.

Turkey auctions 2GW ahead of 2020 plan

Turkey’s energy regulator, EPDK, plans to auction 2GW of wind capacity next year, which is four years ahead of schedule.

This Turkish government had been looking to auction this capacity by 2020, but it is now seeking to meet this goal earlier.

Turkey has 4,032MW of installed wind power from 101 sites as of July this year. However, the country wants to increase its capacity to at least 20GW by 2023.

Wind Watch

Wind Watch is published every Monday and Friday.

In the meantime, here is the first in a regular series of Q&As profiling our members. Interested in being profiled in future? Please contact Richard Heap, editor or Joe Gulliver, membership manager.

Name: Kimberly E. Diamond
Job: Senior Attorney
Company: Drinker Biddle & Reath LLP

How long have you worked in renewables?
I’ve been active in renewables for seven years. Since 2012, I have co-chaired the American Bar Association’s (ABA’s) Renewable, Alternative & Distributed Energy Resources Committee in the Section of Environment, Energy & Resources (SEER); and I currently co-chair ABA SEER’s Special Committee on Congressional Relations. Additionally, I am chair of the New York/New Jersey chapter of Women of Wind Energy.

I regularly speak and publish articles on onshore wind, offshore wind, and other renewable energy topics. In addition to my energy and finance law practice, I am an adjunct energy law professor at Fordham Law School.

In ten words or fewer, what does your firm do?
Global law firm providing solutions for legal and business issues.

In which markets do you see the biggest opportunities at present?
First, the developing US offshore wind market, given the constraints of the US’s existing energy grid, particularly on the East Coast.

Second, the distributed wind market, particularly with respect to energy generated at remote locations, colleges/universities, and office parks that can be integrated into microgrids.

What is the biggest challenge facing wind, and how would you solve it?
Gaining wide-scale public buy-in from the American public for implementation of utility-scale offshore and onshore wind. To solve this issue, greater strides must be taken to showcase the benefits of onshore and offshore wind so that positive feelings toward wind energy development is at the forefront of public consciousness.

What do you enjoy most about working in wind?
How science, technology, and law all combine together to benefit the world.

Why did you join A Word About Wind?
To learn about the latest industry developments in the wind market, both domestically and abroad.

UK portfolio sale boosts PNE profits

German developer PNE Wind has reported second quarter profits of €30m, following the sale of its UK project pipeline.

In June, PNE Wind sold all shares in its UK subsidiary for £103m. Of this figure, PNE has already received £38.3m. The remaining amount is due in 2020 when the company anticipates that project development milestones would be met.

The sale has bolstered the company’s operating profit for the three months to June 2015, which amounts to €30m before interest and taxes. This is up from €3.6m in the corresponding quarter last year. The announcement comes amid a dispute over control of the firm.

GE agrees $427m Brazil deal

General Electric is set to supply 156 turbines to a Brazilian firm in a deal worth $427m, which is GE's largest contract in Latin America.

Developer Casa dos Ventos Energias Renovaveis SA plans to use the turbines from the US giant to build a 360MW farm in Brazil’s northeastern states of Piaui and Pemambuco.

The Brazilian company was granted planning permission for the project in three separate auctions between 2013 and 2014. The wind farm is scheduled to begin commercial operation in April 2017.

Partnership to invest $2.5bn in Mexico

US energy company AES and Mexico’s Grupo Bal have agreed a five-year joint venture worth up to $2.5bn.

The partnership plans to invest $2bn-$2.5bn to build projects of at least 2GW, including wind farms, over the next five years. Three-quarters of the investment is set to be focused on electricity generation from conventional and renewable sources.

AES, which already operates three existing power plants in Mexico, is set to manage the new power plants built by the joint venture.

Report: US wind prices at 'all-time low'

The cost of energy from US wind farms has fallen by 66% since 2009, to an average of 2.5¢/kWh, according to a new study.

The US Department of Energy's '2014 Wind Technologies Market' report claimed that the drop in wind turbine prices and installed project costs have enabled this aggressive wind power pricing.

Lawrence Berkeley National Laboratory authored the research.

Turkey auctions 2GW ahead of 2020 plan

Turkey’s energy regulator, EPDK, plans to auction 2GW of wind capacity next year, which is four years ahead of schedule.

This Turkish government had been looking to auction this capacity by 2020, but it is now seeking to meet this goal earlier.

Turkey has 4,032MW of installed wind power from 101 sites as of July this year. However, the country wants to increase its capacity to at least 20GW by 2023.

Wind Watch

Wind Watch is published every Monday and Friday.

In the meantime, here is the first in a regular series of Q&As profiling our members. Interested in being profiled in future? Please contact Richard Heap, editor or Joe Gulliver, membership manager.

Name: Kimberly E. Diamond
Job: Senior Attorney
Company: Drinker Biddle & Reath LLP

How long have you worked in renewables?
I’ve been active in renewables for seven years. Since 2012, I have co-chaired the American Bar Association’s (ABA’s) Renewable, Alternative & Distributed Energy Resources Committee in the Section of Environment, Energy & Resources (SEER); and I currently co-chair ABA SEER’s Special Committee on Congressional Relations. Additionally, I am chair of the New York/New Jersey chapter of Women of Wind Energy.

I regularly speak and publish articles on onshore wind, offshore wind, and other renewable energy topics. In addition to my energy and finance law practice, I am an adjunct energy law professor at Fordham Law School.

In ten words or fewer, what does your firm do?
Global law firm providing solutions for legal and business issues.

In which markets do you see the biggest opportunities at present?
First, the developing US offshore wind market, given the constraints of the US’s existing energy grid, particularly on the East Coast.

Second, the distributed wind market, particularly with respect to energy generated at remote locations, colleges/universities, and office parks that can be integrated into microgrids.

What is the biggest challenge facing wind, and how would you solve it?
Gaining wide-scale public buy-in from the American public for implementation of utility-scale offshore and onshore wind. To solve this issue, greater strides must be taken to showcase the benefits of onshore and offshore wind so that positive feelings toward wind energy development is at the forefront of public consciousness.

What do you enjoy most about working in wind?
How science, technology, and law all combine together to benefit the world.

Why did you join A Word About Wind?
To learn about the latest industry developments in the wind market, both domestically and abroad.

UK portfolio sale boosts PNE profits

German developer PNE Wind has reported second quarter profits of €30m, following the sale of its UK project pipeline.

In June, PNE Wind sold all shares in its UK subsidiary for £103m. Of this figure, PNE has already received £38.3m. The remaining amount is due in 2020 when the company anticipates that project development milestones would be met.

The sale has bolstered the company’s operating profit for the three months to June 2015, which amounts to €30m before interest and taxes. This is up from €3.6m in the corresponding quarter last year. The announcement comes amid a dispute over control of the firm.

GE agrees $427m Brazil deal

General Electric is set to supply 156 turbines to a Brazilian firm in a deal worth $427m, which is GE's largest contract in Latin America.

Developer Casa dos Ventos Energias Renovaveis SA plans to use the turbines from the US giant to build a 360MW farm in Brazil’s northeastern states of Piaui and Pemambuco.

The Brazilian company was granted planning permission for the project in three separate auctions between 2013 and 2014. The wind farm is scheduled to begin commercial operation in April 2017.

Partnership to invest $2.5bn in Mexico

US energy company AES and Mexico’s Grupo Bal have agreed a five-year joint venture worth up to $2.5bn.

The partnership plans to invest $2bn-$2.5bn to build projects of at least 2GW, including wind farms, over the next five years. Three-quarters of the investment is set to be focused on electricity generation from conventional and renewable sources.

AES, which already operates three existing power plants in Mexico, is set to manage the new power plants built by the joint venture.

Report: US wind prices at 'all-time low'

The cost of energy from US wind farms has fallen by 66% since 2009, to an average of 2.5¢/kWh, according to a new study.

The US Department of Energy's '2014 Wind Technologies Market' report claimed that the drop in wind turbine prices and installed project costs have enabled this aggressive wind power pricing.

Lawrence Berkeley National Laboratory authored the research.

Turkey auctions 2GW ahead of 2020 plan

Turkey’s energy regulator, EPDK, plans to auction 2GW of wind capacity next year, which is four years ahead of schedule.

This Turkish government had been looking to auction this capacity by 2020, but it is now seeking to meet this goal earlier.

Turkey has 4,032MW of installed wind power from 101 sites as of July this year. However, the country wants to increase its capacity to at least 20GW by 2023.

Wind Watch

Wind Watch is published every Monday and Friday.

In the meantime, here is the first in a regular series of Q&As profiling our members. Interested in being profiled in future? Please contact Richard Heap, editor or Joe Gulliver, membership manager.

Name: Kimberly E. Diamond
Job: Senior Attorney
Company: Drinker Biddle & Reath LLP

How long have you worked in renewables?
I’ve been active in renewables for seven years. Since 2012, I have co-chaired the American Bar Association’s (ABA’s) Renewable, Alternative & Distributed Energy Resources Committee in the Section of Environment, Energy & Resources (SEER); and I currently co-chair ABA SEER’s Special Committee on Congressional Relations. Additionally, I am chair of the New York/New Jersey chapter of Women of Wind Energy.

I regularly speak and publish articles on onshore wind, offshore wind, and other renewable energy topics. In addition to my energy and finance law practice, I am an adjunct energy law professor at Fordham Law School.

In ten words or fewer, what does your firm do?
Global law firm providing solutions for legal and business issues.

In which markets do you see the biggest opportunities at present?
First, the developing US offshore wind market, given the constraints of the US’s existing energy grid, particularly on the East Coast.

Second, the distributed wind market, particularly with respect to energy generated at remote locations, colleges/universities, and office parks that can be integrated into microgrids.

What is the biggest challenge facing wind, and how would you solve it?
Gaining wide-scale public buy-in from the American public for implementation of utility-scale offshore and onshore wind. To solve this issue, greater strides must be taken to showcase the benefits of onshore and offshore wind so that positive feelings toward wind energy development is at the forefront of public consciousness.

What do you enjoy most about working in wind?
How science, technology, and law all combine together to benefit the world.

Why did you join A Word About Wind?
To learn about the latest industry developments in the wind market, both domestically and abroad.

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Not a member yet?

Become a member of the 6,500-strong A Word About Wind community today, and gain access to our premium content, exclusive lead generation and investment opportunities.

Full archive access is available to members only

Not a member yet?

Become a member of the 6,500-strong A Word About Wind community today, and gain access to our premium content, exclusive lead generation and investment opportunities.