Allete Goes Private, Vestas’ Strong Q4

This week in business news, Allete is going private in a $6.2B deal, Aeris suffers from financial struggles, and Vestas secures 6, 000 MW in new orders during Q4. Fill out our Uptime listener survey and enter to win an Uptime mug! Register for Wind Energy O&M Australia! https://www.windaustralia.com 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 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.intelstor.com. Allen Hall: First up, the U. S. Federal Energy Regulatory Commission has given its approval for a 6. 2 billion acquisition of Allete. The buyers are the Canadian Pension Plan Investment Board and Global Infrastructure Partners. The company brings significant renewable assets to the table, including Minnesota Power and Allete Clean Energy, which operates over 1, 300 megawatts of wind capacity across seven states. Now, Phil, this has been going on for several months now, but it looks like it's finally climbed that last rung in that ladder to become a private company again. Phil Totaro: Yeah, which I think is interesting and important given who the investors are. Keep in mind that GIP just got gobbled up by BlackRock. And the Canadian Pension Plan Investment Board has been making, you know, boatloads of investments around the world. Not only in Canada. Companies like this, but also individual assets where they are a usually minority but co owner so this is giving them the diversity, it's giving BlackRock and, you know, through GIP you know, more assets in their portfolio, which they, you know, they're obviously making a concerted effort and it's, it's part of their strategy to you know, to build up that, that pipeline. So this is, I believe You know, a total of 1. 3 gigawatts of operational wind with substantially more in, in the pipeline. So, you know, it's a great thing to, to see this happen and, and usually in a take, in a go private deal The reason you want to do that is to kind of sor...