Episodes

  • Uptime 5th Anniversary, Carbon Negative Materials

    Uptime 5th Anniversary, Carbon Negative Materials
    Apr 1 2025
    The Uptime Podcast team celebrates their fifth anniversary, reflecting on their journey and contributions from team members. They also discuss Siemens Gamesa's India operations acquisition by TPG and future renewable energy investments. Additionally, the episode covers innovations in carbon-negative building materials. 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! Allen Hall: We just celebrated our fifth year of podcasting, everybody. So the uptime podcast is of officially five years old. I can't believe we've made it this far. That's we were trying to do the math on it the other day at five times 50. Roughly. It's 250 odd episodes. That's a lot of episodes, Rosemary Barnes: but that's only the weekly episodes. What about all the others? You're not only putting out one a week these days. Allen Hall: No, it's two or three or four, right? It's somewhere in there. But I just wanted to say congratulations to each of you on behalf of the Uptime podcast and all the work that happens behind the scenes. Everybody listens to the finished product, and I know it sounds great and the comments are great, and the ideas are great, but there's. A ton of work that goes into this every week to give you this content, and everybody that's been on the podcast as a guest, it was just trying to remember all the faces and names that are. Big and wind that have been on the podcast. It's amazing the people we've touched, the people we've met that are friends that have come from the podcast. It's a nice little family, weirdly enough. And it's one of those it feels like a pair of comfortable shoes that hey, when you go to a conference, you just know everybody and you, and they know us. You feel like we've known them forever because we just spend every week together talking about what's happening in wind. It's a great little experience. Phil Totaro: Can we add that, a big thank you to everyone who listens because we wouldn't keep doing it if you weren't also showing up. Thank you to everyone that listens. Again, your feedback is fantastic. Good and bad. It it keeps us entertained. So we thank you all. Joel Saxum: I would say from my seat as well, Alan, thank you for having all of us and organizing the things that you do. And the unsung hero that you guys don't hear from or usually see unless you're a guest on the podcast is Claire Hall in the background. Who's our producer who puts all of these episodes together and is juggling work life. School, a million different things to make sure this thing goes out every week. So thank you Claire as well. And of course, Rosemary. Rosemary Barnes: Yeah I was gonna say that, Alan has abnormal persistence. I think it took it like now it's obvious why, the value and why we would all keep going and why we come back every week. But yeah, Alan's efforts, especially in the early years was like, just. Just kept on doing it week after week. And, when I started, all I had to do was show up and try and read the material beforehand. I definitely would not have been doing a weekly podcast for, I think I've been on it for four years or so. I wouldn't have been doing that on my own, that's for sure. I think yeah, 90% of the success comes from Alan's abnormal persistence. So Thanks Alan. Allen Hall: Yeah. I appreciate everybody coming every week. I know we've all been through ups and downs over the last several years, rosemary, you've grown a family. And Joel is. Been in and out and I've been in and out and Phil too, right? So between the four of us, we can actually make a decent podcast,
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    33 mins
  • GE Vernova Customer Center, Sophia Offshore Wind Project

    GE Vernova Customer Center, Sophia Offshore Wind Project
    Mar 31 2025
    This week, SSE appoints Martin Pibsworth as the next CEO, GE Vernova inaugurates a new customer center in Florida, RWE advances its Sophia Offshore Wind Project, and Nantucket challenges three offshore wind projects along Massachusetts coast. 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! Welcome to Uptime Newsflash, industry News Lightning fast. Newsflash is brought to you by IntelStor. For market intelligence that generates revenue, visit www.intelstor.com. Allen Hall: Starting off the week, British Utility Company SSE has named Martin Pibsworth as its chief executive designate. Pibsworth joined SSE in 1998 and currently serves as Chief Commercial Officer. Pibsworth will take over from Alistair Phillips Davies, who has been CEO since 2013 and will hand over the reigns following the annual general meeting on July 17th. Before leaving the company in November, uh, the new CEO will lead SSE renewables push helping the UK deliver on its decarbonization goals. During Philip's Davies tenure, SSE made a strategic shift toward networks and renewables with shares gaining about 4% during his leadership. Last year. SSE announced plans to invest at least 22 billion pounds in grid infrastructure over five years. Over in the United States, GE Vernova has opened a new customer experience center at its Pensacola facility in Florida, marked by a ribbing cutting event hosted by CEO Scott Strazik. The center includes multiple conference rooms, collaboration areas, and direct access to production space. The investments are part of GE Vernova's broader plan announced in January to invest nearly $600 million in its US factories and facilities. Over the next two years, the Pensacola factory has already produced enough turbines to supply over 1.2 gigawatts of the 2.4 gigawatts ordered for the Sunzia Wind Farm in New Mexico. German Energy group RWE has installed its first turbines at its 1.4 Gigawatt Sophia Offshore Wind Project in the uk Located on Dogger Bank, 195 kilometers off the northeast coast of Britain. Sophia is set to become one of the world's largest single offshore wind farms. The project will consist of 100 Siemens Gamesa turbines featuring 150 recyclable blades. The wind park is scheduled to be fully operational in the second half of 2026. RWE's Chief Operating Officer for offshore wind commented that Sophia will make a significant contribution to the UK's clean power 2030 targets. And over in Massachusetts, the town of Nantucket and a Nantucket based activist group are challenging three offshore wind projects off the Massachusetts coast. The town recently sued the US Department of Interior and the Bureau of Ocean Energy Management requesting that the government set aside its approval of South Coast Wind and restart the environmental review. Meanwhile, the group ACK for Whales is asking the Environmental Protection Agency to rescind permits granted to Vineyard Wind and New England wind. These challenges come amid the Trump administration's opposition to offshore wind. Industry analyst Timothy Fox's Vineyard Wind faces less risk from these challenges since it's already under construction while projects in planning stages are at higher risk. South Coast wind, which receive final federal approval on the last business day of the Biden administration could be delayed by up to four years. Vineyard wind is the furthest along among these projects with more than half of its 62 turbine towers already installed. Massachusetts Energy Secretary Rebecca Tepper has reiterated the state support for offshore wind emphasizing the need for energy independence...
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    4 mins
  • AC883 Solves the Spare Parts Crisis

    AC883 Solves the Spare Parts Crisis
    Mar 28 2025
    Lars Bendsen joins the spotlight to discuss how AC883 helps operators source turbine parts to cut costs and reduce downtime. AC883 can offer faster response times and better pricing than manufacturers based in Europe. Lars shares how his company's approach helps prevent extended turbine downtime by providing quick access to critical components. Fill out our Uptime listener survey and enter to win an Uptime mug! 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! Allen Hall: In the wind industry, a turbine standing still often means one thing, waiting for parts that should be readily available. This week on the uptime spotlight, we're joined by Lars Benson of AC 8 83, which is based in Canada. AC883 has direct connections to manufacturers in Denmark where most critical worm turbine components are actually produced Lars shares, house site operators can cut costs and dramatically reduce downtime by bypassing the OEM middleman and sourcing parts directly from the original suppliers. Welcome to Uptime Spotlight, shining Light on wind Energy's brightest innovators. This is the progress powering tomorrow. Allen Hall: Lars, welcome back to the show. Thank you. Spare Parts is a huge issue all over the world, but it seems like in the US and Canada, there's always a shortage. They're looking for spare parts. They don't know where to get them, and the easy answer has been to call the original equipment manufacturer in terms of the GE Vestus Siemens, cesa, Nordex, whoever that may be, and just to place a order. There are other opportunities out there. What happens when a wind side in Texas just decides to buy from the wind turbine manufacturer? How much are they paying overpaying for that part? Lars Bendsen: I can't say exactly on on dollars and cents, but but we know the markup from the OEMs. Then they're not shy of earning money on that, those parts. And yeah, so it's very simple. We can get those parts directly from Europe directly from the suppliers to the OEMs. Allen Hall: Yeah. And if I'm an operator, and I haven't been over to Denmark to look at the situation there, a significant number of critical parts are actually manufactured in Denmark or in the surrounding areas. You have no way of knowing that if you own the turbine, Lars Bendsen: that's true. You don't. Somehow the OEMs have been really good and keeping a bit of cloud cloudy around that area. It's actually pretty simple. They all produced either in in Denmark and Germany for basically all turbines. GE turbines is a target turbine from Germany that that they bought back when. So that's why sim that's a German turbine as well. It's not a US turbine at all. Allen Hall: And the supply chain has remained that way for a long time. Lars Bendsen: It's a BP parts. It's standard parts. There's no rocket sites in it. Of course, there's some legacy some software parts and stuff that we could be desk, some, what we call it electronic boards, which software on, of course we can't do that. That's fair enough, right? That's actually where the OOM has its value. That's totally good. Joel Saxum: I think part of the reason that you see this, that gap there in the industry is the simple fact that, and I don't take this as a slight Lars because I love your website and what you guys do for marketing and branding, but in that corner of the world, and Alan, you and I were just talking about this couple of German companies we're talking about they're not that good at global branding and global marketing. As a unit like culturally, so you don't see really what's going on almost behind t...
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    19 mins
  • EchoBolt Advances Wind Turbine Bolt Maintenance

    EchoBolt Advances Wind Turbine Bolt Maintenance
    Mar 27 2025
    Pete Andrews from EchoBolt discusses their advanced ultrasonic technology for inspecting and maintaining wind turbine bolts, which can reduce maintenance costs by up to 90%. He emphasizes the importance of proper bolt tensioning during installation and highlights recent improvements in their automated inspection processes. 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! Allen Hall: With wind turbines growing larger and critical bolted connections under strain, the wind industry needs smarter inspection methods to prevent costly failures. This week we speak with Pete Andrews, managing director at EchoBolt. EchoBolt has developed ultrasonic technology that makes bolt inspections faster, more reliable, and saves wind farm operators up to 90% on maintenance costs while preventing catastrophic failures. Stay tuned. Welcome to Uptime Spotlight, shining Light on Wind. Energy's brightest innovators. This is the Progress Powering tomorrow. Pete, welcome back to the show. Pete Andrews: Hi, Allen. Hi Joel. Good to be back. I was trying to work out when I was last on here, but it was it two years ago. It's been a while. Anyway, we've had a lot change at alt yeah, it's good to catch up with you guys again. Allen Hall: It's been too long and so we're glad to have you back because I know there's been a lot of improvements and EchoBolt has been really busy checking bolts all over the place and we've, Joel and I have been traveling around quite a bit and we've noticed problems with. Bolts in the United States and we think where's Pete? Where's Ebol? We could really use you in the United States to help us on some of these bolted connections because it does seem like there's a lot of issues from tower bolts to blade bolts to bolts in general, there are a number of problems that exist. And I wanna start off there, Pete, because I think you're the knowledge base for bolts. Are bolts being tightened correctly based upon all the measurements that you have done? Pete Andrews: Say, it's a very mixed picture. I think you're right to point out, it's every wind operator will have issues in their fleets with the bolt of connections, but it's almost always. Blade studs that caused the most headache. You do see things on towers. You do see a kind of occasional issues elsewhere, maybe with foundations. I'd say it's probably, I. In our experience, once, once sites are in operation, there's not too much that happens that influences the integrity. An awful lot happens at the point of installation, and it's what we always try and say to customers if it. If you confirm that the bolts are tightened to the load, you expect at the point of installation, you've set yourself up for a fantastic operational li life. But if it's wrong at the start, you've got embedded integrity issues that are really hard to manage going forward. So yeah it's a mixed picture, but what I'd always say is focus on the QA at the point of installation and things should go easy from there on in. Allen Hall: It does seem like blade bolts are becoming more of an issue. As you mentioned, the blade insert question of are we over tightening fasteners that go into the blades and pulling out these inserts and causing some of the problems downstream root cracking, instruments becoming loose, blades becoming loose and wobbling on the pitch bearings. It does seem like we don't have a really good way of consistently tightening or tensioning. Those fasteners are bolts that are in composite structure just a lot more sensitive to or the composites more sensitive to the tensioning tightening that happe...
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    31 mins
  • US Wind Unionization, Blade Weather Damage Insights

    US Wind Unionization, Blade Weather Damage Insights
    Mar 25 2025
    This week, we cover the unionization of Vestas technicians in Michigan, and research revealing significant blade damage occurs in short but intense weather events. At the Atlantic Shores offshore farm, an environmental permit was remanded by a judge. Dermot Wind Farm in Texas, also known as the Amazon Wind Farm, is our wind farm of the week. Register for the start of our webinar series with SkySpecs! 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! You are listening to the Uptime Wind Energy Podcast, brought to you by build turbines.com. Learn, train, and be a part of the Clean Energy Revolution. Visit build turbines.com today. Now here's your hosts, Allen Hall, Joel Saxum, Phil Totaro, and Rosemary Barnes. Allen Hall: Before we start the program this week on March 26th. At 11:00 AM Uptime sits down with Josh Goryl CRO of SkySpecs, and their newly appointed CEO Dave Roberts for an exclusive conversation in our new joint webinar series. You may have heard about Dave recently stepping into the role. Now's your chance to hear from him directly and we'll dive into what's new at SkySpecs, the latest industry insights, and what their newest announcement means for the future of wind turbine inspections. Wind o and m. And asset health management, so don't miss it. Tune in on March 26th, 11:00 AM Eastern, and we'll include the webinar registration link in the show notes. Up in Michigan, wind turbine technicians who perform operations and maintenance on Vestas turbines have voted to join the Utility Workers Union of America. Marks the first Vestas wind technicians in North America to unionize. The 11 member group voted nine to one, so someone abstained obviously in favor of organizing and will become members of the UWUA local 2, 2 3, which also represents winex at DTE in Michigan. Now these workers are responsible for operations and maintenance on about 120 odd turbines, including MCE. So Joel, this one's a little unique and maybe 'cause it's Michigan unions are really strong in Michigan, have been for a hundred years. 'cause the auto workers, and this seems like an outgrowth of that, but what is the relationship with Vestus in unions? Is that something that they have done in Europe quite often and this is just carrying over into the United States? Or is this. An American move. Joel Saxum: I think it's an American move. If you look at the state of Michigan, like you said, auto workers are there. They're heavily unionized. And because they're heavily unionized and that state has looked at them as, they do well. It's in good middle class incomes and, that, that's driven some progress over the last a hundred years in Michigan. My, some of my in-laws are from Michigan and they're boilermakers and they're all unionized. And when they say get that union job, they've got it. They've made it right. So I understand the city or the state of Michigan and some of the ideas around there. And I think that if you, in wind, if you were to pick a state that would've unionized first. Michigan would be at the top of your list probably. So I don't think it's a Vesta thing necessarily. I think this is a local Michigan thing, but I don't also believe, Vesta is being a Danish company and they have, a lot of trade representation there from in all trades in that northern part of Europe. I think that's, it's not abnormal to Vestas either. It's probably abnormal to Vestas. United States Management, but Vestas as a company, eh, pretty standard thing. I'm curious to see what their package looks like, because now we're in this era of IRA bill things, right? So we,
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    32 mins
  • CIP Offshore in Taiwan, RWE Buys GE Vernova for Texas

    CIP Offshore in Taiwan, RWE Buys GE Vernova for Texas
    Mar 24 2025
    CIP achieves financial closure for an offshore wind project in Taiwan and the UK may shift towards a domestic offshore wind supply chain. GE Vernova plans to equip two RWE farms in Texas, and Masdar will potentially acquire TotalEnergies' renewable assets in Portugal. Register for the start of our webinar series with SkySpecs! Fill out our Uptime listener survey and enter to win an Uptime mug! 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! Welcome to Uptime Newsflash, industry News Lightning fast. For market intelligence that generates revenue, visit www.intelstor.com. Allen Hall: Starting off the week, Copenhagen Infrastructure Partners has secured financial close on the 495 megawatt Fengmiao offshore wind project off Taiwan's Coast. This Marks CIP's third offshore wind project in Taiwan and is the first of Taiwan's round three projects to start construction. The project secured approximately $3.1 billion in financing from 27 banks with debt partially guaranteed by export credit agencies. Now Vestas will supply 33 of its latest 15 megawatt turbines for the projects and construction will finish by late 2027 with six corporate customers already signed for long-term power purchase agreements covering its entire capacity. Dan McGrail Interim, CEO of Britain's new state owned GB Energy believes the UK should challenge oversee renewable energy companies by exporting its expertise globally. McGrail sees floating offshore wind as a huge opportunity for British technology leveraging existing supply chains from the oil and gas industry. He aims to shift focus from importing parts to building them domestically, which could create an export industry over time. GE Vernova will equip two RWE farms in Texas with over 100 turbines with deliveries beginning later this year. The projects will help RWE surpass one gigawatt of rebuilt and repowered wind capacity across the US and generate enough electricity to power approximately 85,000 Texas homes and businesses annually. Boosting US content. Then the sales for the project will be manufactured at GE Vernova's Florida facility, which employs about 20% Veterans. RWE's Chief Operating Officer emphasized their commitment to American energy production and strengthening domestic manufacturing and supply chains. GE Vernova's Entre Wind Division currently has a total installed base of 56,000 turbines worldwide with nearly 120 gigawatts of installed capacity. Abu Dhabi's Masdar is considering acquiring a stake and total energy's Portuguese renewable energy assets. The deal will likely be through SATA yield. The Green Energy Company masar purchased from Brookfield last year. This would add to MAs dollar's growing European portfolio, which includes recent acquisitions in Spain and Greece as the company works towards its global target of 100 gigawatts by 2030. Total Energy is currently has about 600 megawatts of installed renewable capacity in Portugal, mostly higher valued wind power assets. Total energy. CEO previously mentioned plans to divest around two gigawatts annually as part of portfolio consolidation. And that wraps up our wind industry headlines from Monday, March 24th. The conversation continues tomorrow on the Uptime Wind Energy Podcast, where we'll explore even more insights shaping the future of renewable energy. And don't forget to join our exclusive live webinar this Wednesday featuring Sky Specs New CEO Dave Roberts. He'll be sharing his roadmap for the company's exciting future. All access details are awaiting for you in the show notes.
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    3 mins
  • IntoMachines: Smarter Turbine Bolt Tensioning

    IntoMachines: Smarter Turbine Bolt Tensioning
    Mar 20 2025
    Martin Kristelijn, the co-founder of IntoMachines, discusses innovative tools designed to make bolt tensioning faster, safer, and less expensive. The conversation highlights the challenges of manually tensioning thousands of bolts, the advantages of automated bolt tensioning for wind turbines, and the development of a weightless, more efficient tensioning system. Fill out our Uptime listener survey and enter to win an Uptime mug! 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! Allen Hall: With wind turbines growing larger and bolts getting bigger, the industry needs smarter ways to handle critical bolted connections. This week we speak with Martin Kristelijn co-founder of IntoMachines. IntoMachines has developed unique tools that make bolt tensioning faster, safer, and much less expensive. Welcome to Uptime, spotlight, shining light on wind. Energy's brightest innovators. This is the Progress Powering tomorrow. Allen Hall: Martin, welcome to. To the Uptime Wind Energy Podcast Spotlight. Martin Kristelijn: Thank you. Glad to be here. Allen Hall: Martin, there's a big problem out in the field that we have a lot of bolts to tension and not a lot of people to go do it. Plus I think as you and I had discussed previously, the bolt sizers are getting much bigger. Everything is becoming heavier and just being very difficult to do into machines changes all that. But let's talk about the problem first. What are you seeing on factory lines and out in service as people try to tension bolts. Martin Kristelijn: Past couple of months, year, I would say we spoke to a lot of people visited wind turbines, went in the field, see our technicians tighten the bolts also to the factories, so Elle production you name it. And well, the, we kept on keeping getting the same feedback over and over. That they would like to speed up the bolting process and also that they would like to increase the quality, so to prevent any loose bolts or forgotten bolts. That was really the starting point for us. We started to focus on bolt tensioning, to automate it, to speed it up, and to increase the quality. Allen Hall: So tensioning is the way going forward. A lot of of us remember torquing as being the preferred method to tighten bolts, but tensioning is now the way you wanna describe why that is? Martin Kristelijn: Yeah, still it depends on who you ask, but the main objective for everyone usually is to get a maintenance free building connection, right? That you keep the maintenance cost as low as possible. So that's also our goal. And bolt tensioning for us is the most yeah. Convenient way forward to reach that. Allen Hall: It's the most consistent way too, right? Is that with torquing, we really don't know what the preload is on the bolt. That's why engineers are preferring tension tools instead of torquing tools now. Martin Kristelijn: Exactly. So with torquing you have a friction coefficient you need to take into account. That's an unpredictable. Value parameter. So you would like to get rid of that. And you do that by just grabbing the bolt itself, apply hydraulic pressure and stretch the bolt directly. And then you have your hydraulic pressure times the surface of your tension to, and that gives you exactly the the preload in your bolt and you tighten the nut, release the pressure, and your bolt is perfectly pretense. As simple as that, Allen Hall: right? So that process takes time to do. And if you have a factory worker or a technician doing tensioning to a lot of bolts of which there are thousands on a wind turbine but there's probably what...
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    22 mins
  • Innergex Acquisition, LM Wind Power Builds Enercon Blades

    Innergex Acquisition, LM Wind Power Builds Enercon Blades
    Mar 18 2025
    We discuss the recent acquisition of Innergex by CDPQ for $3.6 billion, highlighting its implications on the wind industry. We also delve into LM Wind Power producing blades for ENERCON from its factory in Turkey and feature the Buffalo Mountain Wind Farm, a unique project on a reclaimed coal mine in Tennessee. Fill out our Uptime listener survey and enter to win an Uptime mug! 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! You are listening to the Uptime Wind Energy Podcast brought to you by build turbines.com. Learn, train, and be a part of the Clean Energy Revolution. Visit build turbines.com today. Now here's your hosts, Allen Hall, Joel Saxum, Phil Totaro, and Rosemary Barnes. Allen Hall: Big news, Innergex Renewable Energy has announced that it will be acquired by CDPQ. A major community and pension fund manager for about $13 and 75 cents per share. I've seen a couple different numbers about that. This transaction represents a total enterprise value of approximately 3.6 billion US dollars, and marks a really a substantial consolidation in the wind industry. The deal offers about a 40% premium on interjects closing share. Of a couple months ago. So that's a pretty good premium that CDPQ put on interjects value. And now Phil, this is part of a larger play of a lot of consolidation. This one in particular, interject is going to become a private company after this acquisition. Why? Phil Totaro: It, that's an interesting question because normally when a company gets taken private by a large institutional investor, it's to restructure. I am not sure that. Innergex needs that much restructuring per se. It's not like they've got a huge team to begin with. But a reasonably competent team in terms of the pedigree of their developments, obviously in Canada and throughout Europe as well. And they've been trying to venture off and dip their toe in other markets as well. The reality of this is that it, it's a fantastic thing for CDPQ to strengthen their position and it comes at a point in time when a lot of these Canadian pension funds are looking at the profitability and the returns that they're seeing on their investments globally, including the US right now with all the trade tensions and everything we've got. And I think you're gonna see more of these Canadian. Pension funds and investors pulling back and doing things that are ignoring the US at this point. Looking at deals in Canada, looking at deals in Europe, looking at deals in Southeast Asia and South America for that matter. Joel Saxum: I think it makes sense for me like CDPQ keeping their Canadian money mostly in Canada. However, I know Innergex has a hand small handful of wind farms in the United States as well. Did you see a reality where just because of geopolitical reasons, they might just. Sell those couple of wind farms off. Phil Totaro: Let's put it this way, Brookfield's not going anywhere and they're always on the hunt for, good assets. But there's other people that could want to gobble up wind assets right now, especially if, the assets that Enerex owns in the US they're not quite ready for repowering yet. But maybe that's part of the play. Joel Saxum: Moving forward. Yeah, I know, like you said, you mentioned Brookfield. Brookfield, same thing. We're talking about market consolidation. They just bought National Grid renewables not too long ago, and I know National Grid renewables in the States. A couple, A handful of wind farms and some solar assets, some other things. So yes, continuing to see that trend.
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    22 mins