Chris Rogerson’s Post

Read the article in The Financial Times, “Brighter skies for US offshore wind,” by Amanda Chu—March 7, 2024. “The skies are looking brighter for US offshore wind. Last week, New York awarded new contracts to two troubled offshore wind projects as part of an effort to rescue the nascent industry that has been pummeled by tough macroeconomic conditions. The state has one of the most ambitious targets in the country for offshore wind, making it central to the Biden administration’s goal to deploy 30GW of capacity by 2030. ‘This is just psychologically very reassuring to the industry,’ said Theodore Paradise, a partner at the K&L Gates law firm, adding that the contracts will go a ‘long way to encouraging the sector and sending good market signals to the supply chain.’ The two projects awarded were Equinor’s Empire Wind 1 project and Ørsted and Eversource’s Sunrise Wind facility, totalling 1.7GW of capacity. At least one supply chain reaction has already been seen — on Tuesday, Vestas announced it was preparing to meet turbine orders for Equinor’s project off the coast of Brooklyn. Whether the turbines will be US-made is still uncertain: the company last year said it was taking a ‘wait-and-see’ approach for plans to build a US factory because of a lack of market certainty. ‘States are signalling clearly that they value the local jobs, supply chain investments, and large-scale clean energy generation that offshore wind offers,’ said Ørsted and Eversource in a statement...” See the full story below and at this link. https://lnkd.in/e4MsqRMt #offshorewind #floatingwind #cleanenergy #renewables #climate #offshorewindca #pacificoffshorewindsummit

The US offshore wind sector is undergoing a reset, with operational utility-scale projects and improved profitability reported by wind turbine makers. New York's recent contracts awarded to troubled offshore wind projects signal progress towards ambitious renewable energy targets set by the Biden administration. Despite challenges like high interest rates and supply chain constraints, this represents a crucial step towards sustainable energy development in the US. However, uncertainties remain regarding costs and future challenges, so cautious optimism is advised regarding deployment targets. #renewableenergy #offshorewind #sustainability

Karoon Energy has released the presentation it is making at today's Macquarie Group conference. Shareholders have been waiting to learn whether anything will change at Karoon Energy Karoon Energy is probably using this to gauge shareholder reactions. First reaction, nothing has changed. https://lnkd.in/g2MgCfmE

Louise Shaw, UK & Ireland M&A Energy and Infrastructure Leader at EY reflects on EY securing the top spot in financial advisers, in the inspiratia FY 2023 league table report 🎊 Download the full report here: https://lnkd.in/exuryKJR #EnergyTransition #LeagueTables #ProjectFinance #FinancialAdvisers #LeaglAdvisers #Lenders #TechnicalAdvisers

Diving deep into Suzlon Energy's journey: from challenges to triumphs. Explore the story of resilience and strategic adaptation in the world of renewable energy. #Finance #BusinessInsights #RenewableEnergy"

Mark Purser, CFA, has been an investor in renewable energy projects for many years. Recently, he joined NovoHydrogen to move closer to the developer side of the business. In a comprehensive interview with Mark, he discusses his role, shares his insights and experiences, and delves into some technical terminology. He also provides career advice. This is our most detailed interview to date. We would love to hear your thoughts on the content and answer any questions you may have in the comment section below! https://lnkd.in/eTt2kgzB

🌱💼 Beyond the Numbers: Unveiling the True Fiscal Health of Wigton Windfarm Limited 💼🌱 In our latest feature, we dive deep into the financial landscape of Wigton Windfarm Limited, a key player in the renewable energy sector. Amidst a challenging fiscal year, our analysis reveals the strategic resilience and operational nuances that define Wigton's true fiscal health. 📊🍃 Discover how Wigton navigates operational challenges, manages financial strategies, and positions itself for sustainable growth in the evolving energy market. Our comprehensive review goes beyond the surface, offering insights into what the numbers truly say about Wigton's future. 🌿💡 🔍 Read the full feature and join the conversation as we explore the stories behind the numbers in the renewable energy sector. Your insights could light the way to understanding the complexities of financial health in the green energy landscape. https://lnkd.in/eFgVEAEm 📬 Contact us: info@batvja.com 📞 Tel: 1876-6655926 / 876-929-3670 #BeyondTheNumbers #WigtonWindfarm #RenewableEnergy #FinancialHealth #BATV #BusinessInsights #GreenEnergy #SustainableGrowth

🌱💼 Beyond the Numbers: Unveiling the True Fiscal Health of Wigton Windfarm Limited 💼🌱 In our latest feature, we dive deep into the financial landscape of Wigton Windfarm Limited, a key player in the renewable energy sector. Amidst a challenging fiscal year, our analysis reveals the strategic resilience and operational nuances that define Wigton's true fiscal health. 📊🍃 Discover how Wigton navigates operational challenges, manages financial strategies, and positions itself for sustainable growth in the evolving energy market. Our comprehensive review goes beyond the surface, offering insights into what the numbers truly say about Wigton's future. 🌿💡 🔍 Read the full feature and join the conversation as we explore the stories behind the numbers in the renewable energy sector. Your insights could light the way to understanding the complexities of financial health in the green energy landscape. https://lnkd.in/eXgU4dhD 📬 Contact us: info@batvja.com 📞 Tel: 1876-6655926 / 876-929-3670 #BeyondTheNumbers #WigtonWindfarm #RenewableEnergy #FinancialHealth #BATV #BusinessInsights #GreenEnergy #SustainableGrowth

🌱💼 Beyond the Numbers: Unveiling the True Fiscal Health of Wigton Windfarm Limited 💼🌱 In our latest feature, we dive deep into the financial landscape of Wigton Windfarm Limited, a key player in the renewable energy sector. Amidst a challenging fiscal year, our analysis reveals the strategic resilience and operational nuances that define Wigton's true fiscal health. 📊🍃 Discover how Wigton navigates operational challenges, manages financial strategies, and positions itself for sustainable growth in the evolving energy market. Our comprehensive review goes beyond the surface, offering insights into what the numbers truly say about Wigton's future. 🌿💡 🔍 Read the full feature and join the conversation as we explore the stories behind the numbers in the renewable energy sector. Your insights could light the way to understanding the complexities of financial health in the green energy landscape. https://lnkd.in/eXgU4dhD 📬 Contact us: info@batvja.com 📞 Tel: 1876-6655926 / 876-929-3670 #BeyondTheNumbers #WigtonWindfarm #RenewableEnergy #FinancialHealth #BATV #BusinessInsights #GreenEnergy #SustainableGrowth

The poor financial performance of several #offshorewind companies in recent months has been no secret, with many of the key players reporting losses, write-downs and troubled investments. No secret, also, has been the increasing pressure from many investors to arrest this trend, given the substantial amount of #capital that the sector has consumed in recent years. From this perspective, there is a need to shift from ‘portfolio growth’ to a ‘value creation’ approach. Read our most recent insight by Peter Lloyd-Williams here: https://lnkd.in/ecsMUUXe This article was originally published in Recharge on 13 May 2024.