Ørsted CEO expects strong growth in U.S. renewable market to continue even without incentives

first_img FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):Denmark’s Ørsted A/S is ramping up its expansion into the U.S. renewables market, where it expects continued cost reductions and higher prices for corporate power deals to fuel sustained growth after renewable tax credits are phased out.The largest offshore wind producer in the world broke into the U.S. onshore wind market with its acquisition of Chicago-based wind developer Lincoln Clean Energy LLC in October and announced on May 1 that it was buying a subsidiary of solar developer Coronal Energy, marking its first dip into photovoltaics and storage.“The U.S. solar market has significant potential,” Ørsted CEO and President Henrik Poulsen said on a call to discuss the company’s first-quarter earnings on May 1. “We believe the combination of onshore wind, solar PV and storage gives us a very strong platform for long-term growth in the U.S.”Poulsen said the acquisition includes Coronal’s development team and utility-scale solar and storage project pipeline. The company, headquartered in Pasadena, Calif., and backed by Japanese giant Panasonic Corp., has a multi-gigawatt-development pipeline in more than 20 states, according to its website.Ørsted expects its burgeoning U.S. onshore business to thrive despite the phaseout of renewable production tax credits, or PTCs, this year, as the subsidies will be offset by higher prices on corporate power purchase agreements, or PPAs, and continued cost declines, especially for onshore wind.“Beyond the PTC expiry, there is no doubt that the market will need to go for realignment,” Poulsen said. “Right now, corporate PPAs have been struck at prices that are very low and I’ll claim are very attractive to the corporations buying green power … because of the PTC support. I have no doubt that we’ll continue to be a strong market in the U.S., also beyond PTC,” he added.More ($): Ørsted sees bright prospects for U.S. expansion after end of renewable tax credits Ørsted CEO expects strong growth in U.S. renewable market to continue even without incentiveslast_img read more

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Commey ready to “give everything” in Lopez bout

first_imgIBF Lightweight world champion, Richard Commey, says he is willing to put in all effort to defeat challenger, Teofimo Lopez, on December 14 in their bout in New York’s Madison Square Garden.Commey has been getting ready for the bout which was put together in September this year after Lopez defeated Japan’s Masayoshi Nakatani to become the number one contender in the division.The December 14 bout is very important for the two boxers since it holds the key to  a potential unification bout with Vasyl Lomachenko who holds all the other belts in the division.For Commey, he believes he is ready to face Lopez and he is promising to give his very best.“I am going to do what I do best and joy myself. This is a major bout for me and it holds the future. I am working hard in the gym and I am not taking anything for granted.God knows why I got this opportunity and I believe He has something good for me and definitely, I will defend my title.”Commey added that even though he had been training and getting ready for the bout, he would have a better idea of Lopez’s quality and abilities on the night of the bout.“I cannot really say much in terms of what Lopez can do. I have seen bits of him but in the ring, he will be totally different. That is where I will see what he really has.”Commey’s bout with Lopez represents his second defence of the IBF Lightweight title. After winning it against Isa Chaniev in February this year, he defeated Ray Beltran in June for his first defence.last_img read more

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Erianne Adams, Brian Lewellen and Courtney Wiens are still in running for $200 in Pig and Cow contest

first_imgby Tracy McCue, Sumner Newscow — Just like the NCAA basketball tournament, most contestants have been eliminated from competition in the Pig and Cow Tournament Bracket contest after week No. 2.There are just three entries left that could get the $200 supplied by the Pig Shack. And there are nine entries still in competition for the $50 and $25 Pig Shack Barbecue.Have you heard the saying: it’s not how you start but how you finish? Nothing rings more true than this contest. If you pick the national champion, you are getting 32 points which is equal to all the picks in the other rounds.Going into this weekend, Brian Lewellen, Erianne Adams and Courtney Wiens are still in the running for the top $200 prize. Yet all three of them could be out of the top three in the end if their teams don’t win (with the exception of Adams).There is also three top entries for each potential national champion, excluding Syracuse, that could win some prizes. Let’s do some analyzing:  Total points after week #295  – Erianne Adams  – National Championship pick: Oklahoma.91 – Brian Lewellen – National Championship pick: North Carolina.82 – Dillon Hay – National Championship pick: Oklahoma.82 – Austin Dunn- National Championship pick: North Carolina.79 – Courtney Wiens – National Championship pick: Villanova.78 – Tim Hay – National Championship pick: Villanova.78 – Macy Norris – National Championship pick: North Carolina.77- Melanie Cox – National Championship pick: Oklahoma.75- Casey Weir – National Championship pick: Villanova.Analysis:Adams wins $200 if: Oklahoma wins or Syracuse wins and Oklahoma qualifies for championship. Her Final Four includes: North Carolina over Michigan State, Oklahoma over Villanova in semifinals. Oklahoma over North Carolina in championship.Lewellen wins $200 if: North Carolina wins, or Syracuse wins and Villanova qualifies for championship. His Final Four include: Villanova over Oklahoma, North Carolina over Virginia. North Carolina over Villanova in championship.Wiens wins $200 if: Villanova wins. Her Final Four includes: Villanova over Oregon, North Carolina over Virginia in semifinals. Villanova over North Carolina in the championship.Second and third place potential winnings, is a plethora of combination too numerous to list here.Please note: IN CASE THERE IS A TIE, THE TIE WILL BE BROKEN WITH A DRAWING FROM A BOWL AT PIG SHACK INVOLVING AN OWNER OF THE PIG SHACK.last_img read more

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