Morgan Stanley Infrastructure Partners and transportation giant Crowley are joining forces to build a massive offshore wind infrastructure empire. Together they'll dominate everything from ports to vessels to keep those ocean breeze generators spinning.
Meanwhile in Brazil, Vestas has created a dream team with drivetrain maker ZF Wind Power and service firm ABS Wind to optimize turbine maintenance. By sharing expertise, they aim to make Brazilian wind power run smoother than a bossa nova beat.
Stateside, Ohio's homegrown wind firm One Energy just scored a $300 million mega-merger to bring wind turbines to factories across the heartland. With funding from investment firm Tortoise Ecofin, One Energy wants to make American manufacturing run on wind power.
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News Flash August 28
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 this is your News Flash. Major players in infrastructure, investment, and maritime logistics are joining forces to tap into the growing offshore wind energy market. In the, in the United States.
Morgan Stanley Infrastructure Partners has announced a new joint venture with maritime and logistics firm, Crowley. To provide essential services to offshore wind farm developers through the partnership, Morgan Stanley will hold a majority stake in a newly formed entity called Crowley Wind Services Holdings.
Crowley will operate the business leveraging its expertise in maritime operations and port services. And Phil, we're seeing a lot of emphasis on the infrastructure to the infrastructure. And that's where a lot of cash is flowing at the moment.
Phil Totaro: It's interesting too because we actually highlighted this as the play to make about a year and a half ago to some of our, our clients and, and other companies who wanted to invest in offshore wind, but maybe perhaps didn't wanna invest directly in the project development.
Vessels were one area where we, we touched upon that, you know, there's huge demand for, for vessels, so that's a, a solid investment. But the the port infrastructure is another area where this is highly needed especially in the United States where, you know, Crowley already has a, a commercial relationship with the port up in Northern California in Humboldt to support the Northern California offshore wind projects.
And this relationship with Morgan Stanley gives them the opportunity. To have a vehicle to, to do more investments in other ports that require a significant upgrade to be able to handle the water depth for the vessels that draw to the vessels. And the you know, the, the key side manufacturing and fabrication capabilities that are, that are gonna be required.
Allen Hall: Vestas has partnered with drivetrain supplier, ZF Wind Power, and Brazilian service provider, ABS Wind. Together. They aim to improve efficiency and response times for wind farm maintenance across the region. Under the agreement ABS Wind will handle repairs and upkeep of drive, train components produced by ZF Wind Power that are used in Vestas turbines installed in Brazil.
ABS will utilize its specialized facility and expert technician space. In the northeast of Brazil re Vestas, the partnership has an agile solution to serve customers, especially those in the key wind region of Brazil....