Richard Kessler

CEO Larry Culp tells analysts no "easy fixes" after GE's Renewable Energy unit's $666m loss in 2019. The journey to improve earnings and cash there "will take time." He and his team will detail next operational steps on Mar 4 https://t.co/dkdsWv9Zyt https://t.co/7ORn8FsIjZ

Informative and interesting article about massive discrepancies in renewable energy worker salaries in regions of the world from my colleague Leigh Collins at Recharge. https://t.co/sG888Gp1dc https://t.co/hF2v1sPiW9

It looks like another record year for US wind and solar tax equity deal volume - maybe $15bn versus perhaps $12-13bn in 2019 and $12bn or slightly less in 2018. Tax equity is expensive when renewables need to improve financing efficiencies to cut LCOE. https://t.co/Yu15I61WF2 https://t.co/mxf3DPgt3G

Gov Raimondo's executive order makes Rhode Island the first state to target being 100% renewable energy-powered. The issue is cost. Offshore wind should help. Latest EIA data shows RI had highest retail power prices in contiguous US. https://t.co/38SiDpPsXF https://t.co/Iw90DfvnkJ

With another hot summer looming in Texas, it's possible some wind project owners with P99 hedge contracts will again get burned financially if they have to buy expensive spot power to meet supply obligations with commodity trading counterparties.https://t.co/QJ2qqcCVsN https://t.co/svNLwOS6cZ

Happy New Year to my renewables industry contacts who time and again break from your busy schedules to continue educating me about this fascinating business. The same for farmers, ranchers and small town officials in wind belt states whose hospitality I greatly appreciate.

At the end of Q3, wind had more installed available US generation capacity than large hydro, according to FERC. That was hard to imagine at the start of this decade. https://t.co/DEGFb3Juj7 https://t.co/jjGIXh2eK9

Never heard of Italy's Renexia? They may be the most interesting project developer in the fast-growing US offshore wind sector. https://t.co/26hs7Tp3xL https://t.co/971SuCYEdg

Will the US government's shock decision to delay its first utility-scale project for extra environmental review be a road-bump for industry or point to rough ride ahead? We'll start to find out next quarter. https://t.co/UKaJhpsRAI https://t.co/HJ9WtE4gid

I remember writing in 2009 the US had 25GW of wind power capacity nationwide. Now it has four times as much. There is another 46.5GW in the project pipeline, according to the American Wind Energy Association. https://t.co/0ABB4dB0o0 https://t.co/S6CH1jk1qo

Great rivalry between GE Renewable Energy and arch-rival Vestas for leadership of the intensely competitive US wind turbine market, the world's second largest behind China. https://t.co/7EK4HBX18h https://t.co/DfD90TKRU5

Dominion’s early cost estimate is $7.8bn for a massive 2.64GW wind farm that the electric utility plans to build facing the coast of Virginia, easily the most expensive and largest array proposed by the nascent US offshore industry. https://t.co/5GgXYigfPZ https://t.co/4npiiVPEXS

Vineyard Wind’s delay in securing a final federal permit to start construction hasn’t dented widespread interest from banks and investors, who remain ready to provide debt and tax equity finance for the pioneering $2.8bn US offshore project.https://t.co/AnKhIMfyw8 https://t.co/4I7oGUistF

After BOEM chief Walter Cruickshank spoke with Recharge, I didn't hear anything to suggest that the Trump administration won't greenlight the pioneering Vineyard Wind offshore project, as some in the industry had initially feared. https://t.co/hBSs8O5eIo https://t.co/iNkcIinehp

Not much surprise, the US government’s second commercial offshore wind energy lease auction in the New York Bight region is increasingly unlikely to occur as initially planned in 2020. Too many issues to resolve stemming from the Vineyard Wind delay. https://t.co/wJQ8NB4axz https://t.co/sihlF07TwF

A quick thanks to developers for providing updates for the well-read Recharge Top-Ten Biggest US offshore wind projects compilation. Those without site control or a viable off-take mechanism for sale of electricity were excluded. https://t.co/VAWJlqJzXA https://t.co/yA06vf1EXP

BOEM on Tuesday at AWEA Offshore in Boston will have the opportunity to bring clarity to its revised draft EIS analysis process for Atlantic projects and provide a firm timeline for permitting the industry's stalled flagship Vineyard Wind. https://t.co/ukCw392fqA https://t.co/pVFhrZH2pU