19 March 2024
19 March 2024
With an average lifespan of 25 years, a high proportion of wind turbines across the world are approaching retirement.
The Shell and EDF joint venture (JV) project will lay within an 81,129-acre lease area, located 8.4 miles from New Jersey’s coast and approximately 60 miles from New York.
The estimated total investment in the network expansion project is €1.44bn ($1.56bn), of which €740m will be provided by Iberdrola.
The deal could value the company at $1bn (Rs83.05bn).
The new infrastructure will help the UK meet its decarbonisation targets by 2035.
The Bulgarian Minister of Energy’s cost estimates may have been overly optimistic.
The Western Australian (WA) Government is funding the immense project as part of its efforts to expand battery energy storage systems (BESS) in the state.
Renewed interest in nuclear power has boosted demand for uranium.
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