Macquarie Invests $1.7B in DESRI, Sany Plans European Factory

Macquarie Asset Management invest $1. 7 billion in D. E. Shaw Renewable Investments, which operates over 6 gigawatts. Chinese wind turbine manufacturer Sany is preparing to establish a production facility in Europe by 2026. GCM Grosvenor has acquired a 25% stake in the 845 megawatt Shepherds Flat Wind Farm in Oregon. 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 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 Lightning Tech. Joel Saxum and this is your News Flash. News Flash is brought to you by our friends at IntelStor. If you want market intelligence that generates revenue, then book a demonstration of IntelStor at intelstor. com. Macquarie Asset Management has agreed to acquire a substantial minority stake in D. E. Shaw Renewable Investments, also known as DESRE. This investment, valued up to 1. 7 billion U. S. dollars, aims to bolster Desiree's growth and enhance its market position. Desiree, a leading renewable energy company, currently operates a platform with over 6 gigawatts of gross capacity in projects either operational or under construction. Phill, when you start tossing around the B for billion number in financial exchanges, there's a massive movement of cash in renewables. Philip Totaro: Well, and this follows on the theme that we've been talking about over the past, whatever, two, three months about asset management firms and financial investors kind of pouring money into renewable energy asset owners. Obviously, Macquarie's got a substantial background throughout their investments in Australia, in Europe throughout the rest of the world. Interestingly enough, the U. S. is a market where they've been kind of under penetrated. So, they took their time with evaluating who to partner up with and the fact they picked D. E. Shaw is, is kind of fascinating. You Shaw's got a, a fine track record with the, the performance of their assets, according to our data. And most of their projects are quite profitable. So it's it's a good way for Macquarie to get their, their foot in the door. Joel Saxum: De Shaw on the renewable side, right? De Shaw is a very large company, $60 billion in assets and committed capital with a smaller portion of that being the renewables arm. But it's, it's an odd thing because in the, in the operational circles that we talk to a lot in the wind energy industry in the United States, we don't hear de Shah's name too much. But of course you look at this six gigawatts of power moving and grooving here. One thing that's interesting to me, of course, is the stuff that we follow on the the Uptime podcast here is Macquarie Asset Management recently acquired Onyx Insight. So you could see some Onyx Insight kit being deployed on these DE Shaw renewables Allen Hall: assets shortly. Chinese wind turbine manufacturer Sany is preparing to establish a production facility in Europe by 2026. The company is in advanced talks with potential European customers and has narrowed down potential production locations to three, with Germany and Spain among the options. The company expects to finalize its first European order by the end of this year, initially shipping turbines from China while offering services through partners in Europe. And it's service center in Germany, China, moving into the European marketplace with a fac...