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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Golfer ‘almost kills’ girlfriend by whacking her with ball

first_img The Dutch golfer – who recently won the inaugural edition of the BMW Indoor Invitational – was being filmed trying to master social distancing swings. The 34-year-old had been joking around with his caddy who threw him a gold club from 1.5 metres away as per new coronavirus guidelines. Luiten would then catch the driver and hit his shot in a single movement but his first few efforts saw the world number 98 hilariously fluff his lines. After several attempts, he eventually skews one swing and smacks his girlfriend Melanie-Jane Lancaster, who had been filming the practice. Luiten immediately grabbed his face in horror as his partner screamed out in pain but fortunately she only suffered a bruise from the incident.Advertisement European Tour star, Joost Luiten, got the fright of his life after he ‘almost killed’ his girlfriend by whacking her with a ball during practice. Promoted ContentWhich Country Is The Most Romantic In The World?Who Is The Most Powerful Woman On Earth?6 Incredibly Strange Facts About Hurricanes10 Phones That Can Easily Fit In The Smallest Pocket11 Most Immersive Game To Play On Your Table TopThe Very Last Bitcoin Will Be Mined Around 2140. Read More8 Weird Facts About Coffee That Will Surprise You7 Truly Incredible Facts About Black HolesA Hurricane Can Be As Powerful As 10 Atomic Bombs12 Flicks That Almost Ended Their Stars’ Careers5 Of The World’s Most Unique Theme ParksWhy Go Veg? 7 Reasons To Do This He uploaded the clip on Instagram alongside the caption: “Pfff playing golf with a caddy and keeping the 1.5m is hard. “Almost killing my girlfriend in the proces (sic) trying to master social distancing (she survived, just a bruise).” Fans found the clip hilarious, with one replying: “haha great but poor Melanie.” Luiten recently claimed a two-shot win in the inaugural BMW Indoor Invitational. read also:Asian golfers could lose out if Olympics go ahead: Tour chief He divided his £8,900 prize between his own charity and a hospital in his native Rotterdam. Luiten won the last of his six European Tour events in February 2018. FacebookTwitterWhatsAppEmail分享 Loading… last_img read more

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