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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Freddie Ljungberg admits he was angry with Mesut Ozil after Man City strop

first_img Everton v Arsenal: Mikel Arteta first press conferenceTo view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Play VideoLoaded: 0%0:00Progress: 0%PlayMuteCurrent Time 0:00/Duration Time 15:44FullscreenEverton v Arsenal: Mikel Arteta first press conferencehttps://metro.co.uk/video/everton-v-arsenal-mikel-arteta-press-conference-2074552/This is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.‘He was injured but I would stand by my decision.’Mikel Arteta watched Saturday’s stalemate from the stands and will take over the reins tomorrow and he has already outlined his intention to offer his former teammate Ozil an opportunity to shine in his team.He said: ‘He’s a massive player for this football club. What I want is I want to understand how they’re feeling and what they need.‘You have to understand them because sometimes with conversations you get to understand a point.More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing Arsenal‘When you understand them I can take the excuses out of them and focus on the things that are relevant and have an impact for the team on the pitch and off the pitch.‘Of course he’s a massive player. I worked with him and I know when he ticks what he can bring to the team. My job is to get the best out of him, of course.’MORE: Martin Keown suggests Arsenal’s Mesut Ozil is faking an injuryMORE: Arsenal head coach Mikel Arteta reveals his plan for ‘massive player’ Mesut Ozil Freddie Ljungberg admits he was angry with Mesut Ozil after Man City strop Metro Sport ReporterSaturday 21 Dec 2019 3:27 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link231Shares Advertisement Advertisement Comment Mesut Ozil was furious after he was hauled off during last week’s defeat against Man City (Picture: Getty)Freddie Ljungberg confirmed he warned Mesut Ozil following his strop after he was substituted against Manchester City last week.Arsenal were trailing 3-0 after 59 minutes and with the result a forgone conclusion, Ljungberg hauled off the club’s highest earner and handed teenager Emile Smith Rowe his Premier League debut.Ozil trudged towards the substitutes’ bench and kicked his gloves up in the air, much to the annoyance of Arsenal’s interim coach.The 31-year-old officially missed Saturday’s goalless draw against Everton with a foot injury, but Ljungberg confirmed he wouldn’t have made the squad had he been fit as a punishment for last week’s transgression.AdvertisementAdvertisementADVERTISEMENT‘He walked off, and the fans were not happy and I said that’s not how we behave and I stand by that,’ said Ljungberg in his post match press conference.last_img read more

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