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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EPL: Man City humiliate Brighton

first_imgRelatedPosts Several Chelsea players test positive for COVID-19 – Media reports EPL: Burnley seek history against Brighton Breaking: Man City win Champions League ban appeal Raheem Sterling bagged a hat-trick as a dominant Manchester City side thrashed Brighton 5-0 at the Amex Stadium.As ever, Pep Guardiola was more than happy to rotate his side with six changes in total – including an entirely different backline from the back four that played in the 5-0 win over Newcastle.Despite the Catalan’s wholesale changes, it did not appear to affect the fluency that his side played with Gabriel Jesus and Benjamin Mendy going close early on.City were enjoying total domination of the ball and were looking in the mood to open the scoring, and a quarter of the way through, Raheem Sterling made his mark.Riyad Mahrez curled in from the right and Jesus chested to Sterling, who skipped past one marker before sending a low shot into the far corner.Brighton’s high-pressing may have worked well against Liverpool but they were coming undone against a far superior Man City side, who should have doubled the lead only for Mahrez and Jesus to squander chances, with the former hitting the crossbar.But Jesus finally did get his goal that his play deserved, tapping home from a Rodri knockdown on the stroke of half time as the scoreline finally reflected the visitors’ dominance.If there was any suggestion City would take their foot off the gas in the second half, they soon dispelled that theory. Kevin De Bruyne nearly rasped one of his trademark free-kicks into the top corner, only to find the woodwork in his way.But Sterling would have no trouble in finding the net for his second of the night – and 26th in all competitions this season – heading home after a pinpoint delivery from Mahrez.Four minutes later, it was four and this time Brighton were caught in defensive nightmare. Bernardo Silva’s harmless looking effort squirmed out of Mat Ryan’s gloves and Jesus set up the Portuguese for a tap-in.Jesus looked far from pleased when withdrawn midway through the second half as Guardiola gave minutes to David Silva, John Stones and Phil Foden late on.Sterling then sealed his hat-trick with a bizarre header as City tightened their grip on second place with another impressive performance.Tags: Brighton & Hove AlbionRaheem Sterling Amex Stadiumlast_img read more

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Tipp clubs in FAI Junior Cup action

first_imgReigning FAI Junior Cup champs St Michaels are in action this Sunday. They are away to Boyle Celtic in the sixth round of the competition.Ray Lonergan is Chairperson of the Tipp soccer club and he says the squad’s depth is key to their consistency. Their match-up kicks-off in Celtic Park at 2 o’clock on Sunday.  Other Tipp Clubs in action in the FAI Junior Cup sixth round include Clonmel Town who are at home to Galway Hibs on Sunday.Clonmel Celtic are away to FC Sportslink Ailesbury on Saturday and Nenagh Celtic’s match-up has yet to be confirmed.last_img read more

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