NextEra Buys Dominion, China Outpaces Vestas

NextEra’s $67B all-stock Dominion deal targets data center alley. Plus China’s top five each outpace Vestas, and 80% of Swedish wind producers ran at a loss. 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! [00:00:00] The Uptime Wind Energy podcast, brought to you by StrikeTape, protecting thousands of wind turbines from lightning damage worldwide. Visit striketape.com. And now, your hosts Speaker 6: Welcome to the Uptime Wind Energy podcast. I’m your host, Allen Hall, and I’m here with three other people, Matthew Stead, Rosemary Barnes, and, uh, Yolanda Padron down in Texas. Uh, we’re all getting ready to go to American Clean Power in Houston, Texas, where it will be practically 150 degrees and 99% humidity, and we’re all looking forward to those warm, wet days that we will spend It is very similar to New Orleans. New Orleans was also very warm and very humid. So there’s a trend going on here with American Clean Power, although we were up in Minneapolis not too long ago, uh, but I guess we were in Phoenix too, so we gotta find a middle ground, everybody. Can we go someplace like– [00:01:00] Rosemary says we should always go to the Maldives, Tahiti. I got a lot of requests from Tahiti from people. We never go there. We never go to Hawaii.  Rosemary Barnes: I’ve suggested Hawaii so many times, and I’ve been told that Americans are not gonna be given permission from their manager to go to Hawaii.  Speaker 6: It’s kinda like Las Vegas.  Rosemary Barnes: Maybe one day we’ll make it to San Diego or something and get, um, beach adjacent facility And if your presentation is too boring, then everyone will be at the beach. So that will be how we ensure quality control of the speakers, which is a big problem at these events now, right? Like you can’t, um, there’s– It’s more like the norm is fairly boring sales pitches rather than informative discussion.  Speaker 6: We used to have OMNS, when I say we, I mean the wind community used to have OMNS out in San Diego in Coronado at the Del Coronado is, I think that’s the hotel name. And the one time that I went, I think I’ve been [00:02:00] there, I would say one time, uh, everybody was outside on the, at the beach, basically on the patio. So they’re holding all these talks and discussions, and it’s… I’m looking around, it’s like me and five other people. Everybody else is out there next to the water. So they had a problem with that. So I guess what they figured, either make it really cold or make it really hot, so it forces everybody into the climate-controlled conditions of, uh, the, uh, auditorium to watch the speakers. Maybe that’s the, the plan. All right. Let’s, let’s, let’s talk about what happened with NextEra and Dominion because there’s going to be a huge merger. So if you thought utility business was boring, it’s not anymore. NextEra announced a sixty-seven billion dollar all-stock deal to acquire Dominion Energy, a move that would create the largest regulated electricity utility in the world by market cap. Uh, [00:03:00] the combined company would serve about ten million customers accounts across Florida, Virginia, North Carolina, where I’m based, and South Carolina