15 January 2025
15 January 2025
The increased estimate raises concerns about the UK government's strategy for reviving nuclear power amid strained public finances and cost of living issues.
The facility will deliver up to 1GW of baseload power daily, generated from renewable energy sources.
The transaction is subject to standard regulatory approvals and is anticipated to close by April 2025.
Abu Dhabi's Taqa and other potential suitors are evaluating Uniper as Germany considers strategies to divest its stake.
The MoU was formalised by Rovshan Najaf, president of SOCAR, Abdulaziz Alobaidli, chief operations officer of Masdar, and Marco Arcelli, CEO of ACWA Power.
The wind farm is now supplying clean electricity to the grid under a long-term PPA with PacifiCorp.
The new energy storage system offers intelligent monitoring, flexible power management and portability.
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