General Electric splits into GE Vernova, GE Aerospace, and GE Healthcare, Macquarie Asset Management's Corio Generation invests $50 billion in offshore wind, Mingyang plans a turbine manufacturing facility in Scotland, Avangrid's offshore wind project is approved by the U.S. Interior Department. 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, Joel Saxum. And this is your News Flash. News Flash is brought to you by our friends at IntelStor. And if you want market intelligence that generates revenue, then book a demonstration of IntelStor at IntelStor.com. Macquarie Asset Management, through its fully owned offshore wind unit, Corio Generation, is making a fantastic investment. 50 billion investment in offshore wind over the next seven years. Corio generation, along with partners like TotalEnergies plans to invest in markets, including New York, New Jersey, Scotland, England, Taiwan, and Ireland. Phil, they've hit all the hotspots for offshore wind, but putting 50 billion into that marketplace is massive. Philip Totaro: Yeah. And keep in mind that, we're talking about a market that is likely to be several trillion dollars over the next five to seven years. They're certainly doing their part but also keep in mind that Corio has only really existed, obviously backed by Macquarie Group, but has only really existed for about the past year. I think they just celebrated their one year anniversary very recently. They've come quite far in a short period of time with the deployment of the capital that they've got and the markets that they're looking at are absolutely, the places You want to be, now that the U S has gotten through most of its nonsense and we're getting back on track this is a good market to be in Taiwan's relatively stable. There's a few kind of concerning signals out of there. But for the most part, that's going to still continue to grow and then England and Ireland are absolutely growth markets with a huge pipeline of projects in both those countries. Joel Saxum: 50 billion over the next seven years is their plan. Right now, and correct me if I'm wrong, Phil, but a gigawatt offshore wind farm, fixed bottom, costs between 3 and 5 billion to build, probably about 4 billion.