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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Judge orders evaluation of Britney Spear’s conservatorship

first_imgFriday, following a hearing in which both pop star Britney Spears and her parents spoke, a judge ordered an expert evaluation in the conservatorship that for 11 years has put much of the 37-year-old singer’s life in the control of her father.Conservatorship, known in many states as guardianship, is an involuntary status reserved for people incapacitated and unable to make decisions for themselves.The court was behind closed doors meaning no one knows what exactly was said at the hearing.However, Los Angeles Superior Court Judge Brenda Penny wrote in an order afterward that all had agreed on a so-called 730 expert evaluation, a process usually used to determine the mental health and competence of a parent in a divorce case.It is unclear who would be examined, and whether it would relate to Spears’ relationship to her two sons or her parents’ oversight of her.Kevin Federline,Spears’ ex-husband, has custody of their two sons, 13-year-old Sean and 12-year-old Jayden, who have frequent visits with their mother.On Wednesday, a judge granted Spears a temporary restraining order against Sam Lutfi, a man who once claimed to be her manager and has been in legal fights with her family for a decade.Spears alleged that Lutfi had been sending harassing and threatening texts to Spears’ family, disparaging them on social media and seeking to undermine her conservatorship.A judge ordered the 44-year-old Lutfi to stay at least 200 yards from Spears and her family.last_img read more

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Middlesbrough, Leicester Share Points

first_imgThe result inched both sides a point further clear of the bottom three, but the threat of relegation will continue to stalk them when they return to league action after next weekend’s FA Cup third-round fixtures.With both teams having played on New Year’s Eve — Leicester edging West Ham United 1-0, Boro cruelly beaten 2-1 at Manchester United — they each made five changes to their starting XIs.Leicester, for whom Islam Slimani was absent with a fever, made the more lively start.Shinji Okazaki could not make anything of Leonardo Ulloa’s knock-down from Mahrez’s free-kick, while Christian Fuchs drilled wide from the edge of the box.But as the game wore on, Boro began to take control, with Adama Traore to the fore.The former Barcelona winger had a penalty shout turned down in the 18th minute when he appeared to be impeded by Robert Huth right on the edge of the Leicester box.Moments later the 20-year-old sped to the byline on the right and cut the ball back for Marten de Roon, who shot over.Antonio Barragan returned from suspension for Boro, but he limped off clutching his hamstring in the 34th minute, with George Friend coming on.Another Boro fullback caught the eye shortly before half time, Fabio da Silva sliding in brilliantly to prevent Mahrez taking aim from Okazaki’s through ball.Left-back Friend emerged as an improbable most likely source of a goal in the second half.He warmed Kasper Schmeichel’s palms from 25 yards and then cut in from the right, only to skew his shot wide.He also curled an inviting cross into the box from the left, but Adam Forshaw could not make telling contact.All Leicester mustered in response was an Ulloa header that Brad Guzan saved comfortably.Visiting manager Claudio Ranieri took decisive action by sending on Ahmed Musa in place of Mahrez, who produced another low-key display in his last game before departing for the Africa Cup of Nations with Algeria.But it was Boro who continued to push, Gaston Ramirez squandering a golden chance to snatch victory when he lashed wide following a tame clearance by Wes Morgan.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Leicester City’s underwhelming season continued monday as they were held to a 0-0 draw at Middlesbrough that did little for either side’s hopes of avoiding Premier League relegation.With Jamie Vardy completing his three-game suspension and Riyad Mahrez again disappointing, Leicester lacked a cutting edge and it was Boro who came closest to taking all three points at the Riverside Stadium.last_img read more

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