News Flash: Ørsted Cashes in Assets, Adani Launches Massive Turbines, UK and Germany Partner on Offshore Wind

First up, Ørsted harnesses a windfall, scoring a cool €450 million by harnessing offshore assets to powerhouse Glennmont Partners. But they aren't the only ones making waves--India's Adani Group storms the market with 200-meter tall turbines packing a 5.2 MW punch. Not one to be outdone, the UK and Germany seal a clean energy pact, connecting their power grids and blowing open opportunities for offshore and carbon capture projects. Sign up now for Uptime Tech News, our weekly email update on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard's StrikeTape Wind Turbine LPS retrofit. Follow the show on Facebook, YouTube, Twitter, Linkedin and visit Weather Guard on the web. And subscribe to Rosemary Barnes' YouTube channel here. Have a question we can answer on the show? Email us! Pardalote Consulting - https://www.pardaloteconsulting.comWeather Guard Lightning Tech - www.weatherguardwind.comIntelstor - https://www.intelstor.com News Flash 11-13-23 Allen Hall: I'm Allen Hall, president of Weather Guard Lightning Tech, and I'm here with the founder and CEO of IntelStor, Phil Totaro, and the chief commercial officer of Weather Guard, Joel Saxum, and this is your News Flash. News Flash is brought to you by our friends at IntelStor. If you need actionable information about renewable projects or technologies, check out IntelStor at www.intelstor.Com. Ørsted has signed an agreement to divest 50 percent of the Gode Wind 3 offshore wind farm in the German North Sea, to Glennmont Partners of all groups. The value of the Gode Wind 3 transaction is roughly 450 million euros. Gode Wind 3 has a capacity of 250 megawatts, and Ørsted has been working on it since roughly 2017, 2018. Phil, this is well needed cash for Ørsted to help cover some of the OceanWind 1 and 2.  Philip Totaro: It does do that. So this deal is, a normal, probably planned asset rotation, and certainly Glennmont's been, buying up, stakes in, renewable energy assets all over the world, particularly in Europe. So they like things that are profitable, and, this project is. So they're, they're diving in at a good time. And as you mentioned, the cash does come in handy these days, when you're talking about, $530 million in write offs in Q3 and, many billions of dollars worth of impairments, which is revenue that they're probably not gonna recognize at this point. So that's, how that works. yeah, the cash comes in handy.  Joel Saxum: Yeah, I think something to be noticed here is that, this is, this is normal rotation stuff for, capital assets. So people are divesting, reinvesting, taking capital, paying off bank loans, going and using that capital to invest in other places. It's, a normal rotation, like Phil said.  Allen Hall: Adani Wind, which is part of the Adani Group,