Renew Holdings purchases Full Circle for £50M, following the UK decision lift restrictions on offshore wind. BlackRock's holding of voting rights and share in Vestas has increased to 7.59%. And EQT has acquired renewable developer OX2 for $1.58 Billion.















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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. Newsflash is brought to you by our friends at IntelStor. If you want mar, ket intelligence that generates revenue, then book a demonstration of IntelStor at intelstor.com.







Renew Holdings and engineering service company base in Leeds has purchased full circle. Group Holding BV, a Dutch firm specializing in onshore wind turbine repair and maintenance. The acquisition, valued at 50 million pounds, was funded through Renew's existing resources and banking facilities. This move follows the new labor government's decision to lift restrictions on new onshore wind projects in England.







Well, UK government changed and they have become more proactive on onshore wind. That made a nice little market for all the repair companies in the UK to be gobbled up by larger players.







Philip Totaro: Yeah, precisely, and at the end of the day Full Circle is one that already has a lot of contracts in place on the aging fleet, so there are going to be repowering opportunities in addition to new build in, both Lower England, Scotland, Wales, et cetera.







So you're, you're going to see a company like Full Circle continue to thrive, but all the other O& M shops and, and independent service providers over there are going to start probably getting a lot more attention and potentially work if you start seeing more build out in the market.







The funny thing about the UK is even a lot of the, well in Ireland you'd have to say too, a lot of the new build, doesn't always get the OEM full service agreement. So they've tended to rely a little bit more on the independent service providers in that market, again, particularly for the older assets.







So, this is a, it's, I guess it's a good time to be in the The service and repair business.







Joel Saxum: I think you're going to continue to see a lot more of th...