Investments in Indian Renewables, Enel €38B in Grid & Renewables

This week on News Flash, we discuss CIP and AMPIN Energy Transition's $300 million investment in Indian renewables, Enel investing €38 billion in grid and renewables through 2027, and the Long Beach Harbor's $14 million match for their upcoming state grant. 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.comJoin us at The Wind Energy O&M Australia Conference - https://www.windaustralia.com Welcome to Uptime News Flash. Industry news lightning fast. Your hosts, Allen Hall, Joel Saxum, and Phil Totaro discuss the latest deals, mergers, and alliances that will shape the future of wind power. News Flash is brought to you by IntelStor. For market intelligence that generates revenue, visit www. intelstore. com. Allen Hall: Copenhagen Infrastructure Partners and Ampen Energy Transition are investing 300 million in joint equity for Indian renewables. The partnership will enable approximately 2 gigawatts of renewable energy projects across India. Their combined portfolio will include solar, wind, hybrid and storage technologies. Now, this new deal creates massive 2. 7 to 3 billion dollars of renewable energy assets as a base in India. Now, Phil, India is a huge market at the minute, and a lot of renewable projects are moving towards India. This is another one by CIP. Philip Totaro: Yeah, and it's, it's fascinating because, as you mentioned, the, the market's really seeing an uptick in wind and hybrid projects, and this is exactly where CIP wants to be able to park themselves with this partnership. So putting the capital behind a local developer and independent power producer that's, had a track record of success is good for both parties but they're capitalizing on it at a time when you know, India's likely to add a, something like 80 gigawatts of renewables over the next, like, five years or six years alone. Which is a massive amount. And again, they've had, big pipe dreams and, and big pipelines in, in India for a long time. But they seem to be getting serious about it, especially when companies start, plowing more and more money into the market and starting to unlock a lot more repowering opportunities in India, where they've gotten their policies all kind of squared away at the state level to, to start doing a lot more project repowering and also their transmission infrastructure which they also recognize they're going to have to heavily invest in to be able to, to get all these renewable projects on their grid. So, they're, they're really starting to push hard, in, in India they've, they've, like I said, have pretty big pretty big ambitions to be able to add a lot of gigawatts here in the coming years. Joel Saxum: I'd like to see CIP's kind of strategy play out wherever you see an emerging market. They're there. They're in every offshore play. They're in a lot of, like in, in, I'm not saying India is an emerging market. It's a very dynamic market right now. A lot of players moving and grooving people in, people out, but there's one thing they have a big renewable energy goals and there's a lot of money coming in there. So CIP, you're seeing them. They've been in, they've been in country in India since 2021. Not only with Ampen, but with Vivid, Vivid or Vivid as well. So they've been in that market for a little while. And as Allen and I know, working in India, the Indian market, it's nice to have a local compadre there to kind of guide what you're going to do to safeguard your assets t...